Thursday, July 26, 2007

Plaza Centers buys Romania retail project, development budget 115 mln eur

LONDON (Thomson Financial) - Emerging markets property developer Plaza Centers NV said it has acquired a retail development project in Iasi in northeast Romania and that it expects the development budget for the project to be 115 mln eur.

The company said it expects the project, which will encompass 54,000 square metres of retail space, 15,000 square metres of office space and 46,200 square metres of parking, will be completed in 2010.

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