Construction work has accelerated in the Czech city of Olomouc on the Raiffeisen Bank building, part of the CPI City Center Olomouc. The 6,300 sqm office building has seen an entire floor completed in the past 10 days and the shell is scheduled for completion in June 2012. Work on the congress center has also risen above the foundation level. The whole complex, which includes a complete reconstruction of the Existing Sigma hotel into a Clarion Congress, should be completed in August 2013. The total cost is estimated to be around CZK 520m.
