TK Development, a real estate development company, has received a construction permit for building Outlet Arena Moravia. It will rise in the vicinity of the center of Ostrava, lying immediately adjacent to the D1 Motorway, on a vacant lot in Hlucinska Street (in proximity of two traffic arteries, with approximately 60,000 vehicles passing every day). Construction works are beginning these days, and Phase 1, offering 11,700 m2 of total leasable area, is scheduled to open next autumn. A total of 70 shops will be available there, offering attractively priced products of the world´s famous brands, along with restaurants, cafés, and a children´s play area. Also, the center will have 800 parking places and those not traveling by car will be provided with shuttle buses from the center of Ostrava, with a mere ten-minute ride.