In the third quarter of 2013/14 TK Development sold 80 % of a planned shopping centre project in the Czech town of Frýdek Místek to a business partner. Following the sale, TK Development currently holds an ownership share in the project of 10 %. The shopping centre will consist of about 60 retail stores. TK Development will receive fee income for letting and managing the construction of the project and related services. The current occupancy rate is 82 % (Q2 2013/14: 80 %), and lease agreements have been concluded with such tenants as Billa, Intersport, H&M, NewYorker and Euronics. Construction started in autumn 2013, and the opening is scheduled for the end of 2014.