Annual report 2010 - plazacenters
Annual report 2010 - plazacenters
Annual report 2010 - plazacenters
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Overview<br />
Our portfolio at a glance<br />
O<br />
Br<br />
Mg<br />
Fs<br />
Ai<br />
Total of 37 assets in nine countries.<br />
Estimated value of €3,853.2m on completion<br />
Portfolio composition – by country (excluding US)<br />
Estimated market value on completion €m (excluding US)<br />
■ Under development ■ Complete and active ■ Offices<br />
1,200<br />
1<br />
8<br />
1,000<br />
2<br />
5<br />
6<br />
800<br />
600<br />
1<br />
1<br />
400<br />
1<br />
3 3<br />
2<br />
2<br />
200<br />
Romania<br />
Poland<br />
India<br />
Czech Republic<br />
Hungary<br />
Serbia<br />
Bulgaria<br />
Greece<br />
1 1<br />
Latvia<br />
Romania<br />
India<br />
Poland<br />
Hungary<br />
Serbia<br />
Czech Republic<br />
Greece<br />
Bulgaria<br />
Latvia<br />
0<br />
Market value<br />
Market value on<br />
of the land and<br />
completion (€m) (1) project (€m) (1) Total GLA (m 2 ) (2)<br />
Active shopping and entertainment centers 156.2 156.2 99,000<br />
Shopping and entertainment center developments 903.6 180.5 398,000<br />
Dream Island 467.2 62.9 350,000 (GBA)<br />
Casa Radio 772.5 182.4 600,000 (GBA)<br />
Indian mixed-use projects 734.0 161.8 2,165,000 (GBA)<br />
Mixed-use projects 320.7 49.8 176,000<br />
Other projects and developments 499.0 47.1 198,000<br />
Total as at December 31, <strong>2010</strong> 3,853.2 840.7 3,986,000<br />
Group NAV at December 31, <strong>2010</strong><br />
€’000<br />
Market value of land and projects by King Sturge LLP (1) 840,741<br />
Assets minus liabilities as at December 31, <strong>2010</strong> under IFRS (3) (165,598)<br />
Total 675,143<br />
NAV per issued share £1.96<br />
1 Value of Plaza Centers’ stake by King Sturge LLP.<br />
2 All figures reflect 100%.<br />
3 Excluding book value of assets which were valued by King Sturge LLP, but including Plaza’s proportionate share of the US portfolio at market value valued by the external valuator<br />
(46% of the total portfolio value) and the management of EDT.<br />
<br />
Plaza Centers N.V. <strong>Annual</strong> <strong>report</strong> <strong>2010</strong>13
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