The site of the former coking plant in Ostrava is also wanted by TriGránit from Budapest

OSTRAVA - The interest in the more than 60-hectare plot of land of the former Karolina coke plant near the center of Ostrava also comes from the Budapest-based company TriGránit Development Corporation. They plan to build a shopping center, offices, apartments, a park, and venues for social and cultural activities in this lucrative location. The company does not yet have a detailed project and wants to discuss its vision with city officials, experts, and the residents of Ostrava. The company's plans were presented today by CEO Todd Cowan.
Several other companies are interested in purchasing the area, where decontamination was carried out for nearly two billion crowns. The city of Ostrava owns most of the land. In recent days, a Czech development company and the firm Passerinvest ING Real Estate from the Dutch financial group ING Group presented their project for the redevelopment of Karolina. The German company ECE also aims to construct a shopping center at Karolina.
The company did not disclose the amount of investment; according to its management, it is first necessary to define the functions that the new part of the city should serve. The company is capable of developing the entire area in four years, but the first buildings could be ready for public use in just two years.
TriGránit plans to build a new main avenue in the Karolina area, which would create the backbone of the whole area from Poděbradova Street towards the historic halls and connect newly created walking trails and bike paths leading from Ostravice. At the same time, it wants to renovate historical buildings on the site, including the halls of Dvoukolí. In the future, these could serve art, gastronomy, or social and cultural activities.
The first official offers from investors and developers have already arrived at the Ostrava city hall. "All of them are interesting; however, comparing and evaluating them to determine which would be the most suitable for the city is a question for the future. The councilors have indeed decided to organize an investor competition to revitalize Karolina, but it has not yet been announced,” said the city’s chief architect, Jaroslav Sedlecký, to ČTK. According to him, about eight companies have expressed interest, of which approximately six have picked up the basic information package.
TriGránit primarily focuses on investing in the construction, leasing, and operation of dominant shopping centers, office buildings, and urban complexes. It is currently implementing its projects in ten countries.
The main shareholders of the company are Sandor Demjan, Peter Munk, Sandor Csanyi, and Nathaniel Rothschild.