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Skála Buda Mall to be closed by 2007

Shopping mall formerly known as, Budai Skála, commenced operations under new name, Skála Buda Mall with more shops yesterday, György Kobza, representative of the tenants said yesterday. Operations will continue to be managed by Skála-Coop Rt. On some issues, however, the community of the tenants will make a decision. The property is shortly to move to the hands of real-estate developer ING Kft. The price of the purchase will be cleared in December, and the mall is to be closed by January 31, 2007,  future proprietor Pál Baross said. According to ING, Skála Buda Mall will be replaced by a real-estate complex comprising of apartments, offices and commercial units in the framework of an Euro 80-100 million investment. (NG 5) E.C.