According to ECM’s press release, the ECM’s City Tower project receives final building approval. The City Tower is the talles building in the Czech Republic with more than 44,000sq m of office space, 490 m2 of retail and 1,100m2 of storage.
Our view:
It is positive that finaly received the perimit but we see the news rather neutral for today’s trading as we believe the market was expecting this outcome.