Annual report 2010 - plazacenters

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Casa Radio Romania 600,000m² 75% ownership €772.5m estimated value on completion (Plaza share) In the heart of Bucharest, Plaza is developing its mega mixed-use Casa Radio project, the company’s biggest development in CEE.
Overview Current devel opments continued O Br Mg Fs Ai Romania Market value Ownership Market value on of land and Expected Project City (%) GLA (m²) completion (€m) .(1) project (€m) .(1) completion Casa Radio Bucharest 75% 600,000 .(2) 772.5 182.4 2013-2015 Iasi Plaza Iasi 100% 62,000 113.8 17.5 2014 Timisoara Plaza Timisoara 100% 40,000 95.1 16.4 2014 Targu Mures Plaza Targu Mures 100% 30,000 55.9 6.1 2013 Constanta Plaza Constanta 100% 18,000 19.9 11.3 2013 Slatina Plaza Slatina 100% 17,000 32.5 2.0 2013 Csiki Plaza Miercurea Ciuc 100% 14,000 26.8 14.6 2013 Hunedoara Plaza Hunedoara 100% 13,000 26.0 3.0 2013 Palazzo Ducale Bucharest 100% 700 1.9 1.9 Operating office 1 Value as per King Sturge valuation report as at December 31, 2010. 2 GBA. Plaza has a significant development pipeline in Romania, with eight sites for shopping and entertainment centers and mixed-use schemes in various stages of development. During 2010, the Group continued with the feasibility and planning phase and made good progress with obtaining permits. Hunedoara Plaza Iasi Plaza Slatina Plaza Targu Mures Plaza Plaza Centers N.V. Annual report 2010 21
Page 1 and 2: Plaza Centers Annual report 2010 Su
Page 3 and 4: Overview Who we are O Br Mg Fs Ai W
Page 5 and 6: O Br Mg Fs Ai Operational highlight
Page 7 and 8: Overview Our s trategy O Br Mg Fs A
Page 9 and 10: O Br Mg Fs Ai Koregaon Park Plaza (
Page 11 and 12: O Br Mg Fs Ai • As a result of th
Page 13 and 14: O Br Mg Fs Ai Plaza expects to comp
Page 15 and 16: Overview Our portfolio at a glance
Page 17 and 18: O Br Mg Fs Ai Suwałki Plaza: opera
Page 19 and 20: O Br Mg Fs Ai Belgrade Plaza Serbia
Page 21: O Br Mg Fs Ai Koregaon Park Plaza:
Page 25 and 26: O Br Mg Fs Ai Timisoara Plaza Roman
Page 27 and 28: Overview Current de velopments cont
Page 29 and 30: O Br Mg Fs Ai Liberec Plaza Czech R
Page 31 and 32: O Br Mg Fs Ai Bulgaria Sofia Plaza
Page 33 and 34: O Br Mg Fs Ai I am pleased to repor
Page 35 and 36: O Br Mg Fs Ai The combination of Pl
Page 37 and 38: O Br Mg Fs Ai Over the course of th
Page 39 and 40: O Br Mg Fs Ai Plaza’s effective o
Page 41 and 42: O Br Mg Fs Ai In addition, Plaza ha
Page 43 and 44: O Br Mg Fs Ai Among our first actio
Page 45 and 46: O Br Mg Fs Ai increased rental reve
Page 47 and 48: Management and governance Managemen
Page 49 and 50: O Br Mg Fs Ai Uzi Eli (35), LLB, At
Page 51 and 52: O Br Mg Fs Ai Substantial sharehold
Page 53 and 54: Management and governance Corporate
Page 55 and 56: O Br Mg Fs Ai • Best Practice Pro
Page 57 and 58: O Br Mg Fs Ai Among other matters,
Page 59 and 60: Management and governance Risk mana
Page 61 and 62: O Br Mg Fs Ai • Real estate valua
Page 63 and 64: O Br Mg Fs Ai II) Four components o
Page 65 and 66: O Br Mg Fs Ai c) The Audit Committe
Page 67 and 68: O Br Mg Fs Ai Service arrangements
Page 69 and 70: Financial statements Independent au
Page 71 and 72: Financial statements Consolidated i
Page 73 and 74:
Financial statements Consolidated s
Page 75 and 76:
O Br Mg Fs Ai For the For the year
Page 77 and 78:
O Br Mg Fs Ai Estimates and underly
Page 79 and 80:
O Br Mg Fs Ai Note 3 - Summary of s
Page 81 and 82:
O Br Mg Fs Ai Financial assets and
Page 83 and 84:
O Br Mg Fs Ai f. Normal operating c
Page 85 and 86:
O Br Mg Fs Ai i) Rental income The
Page 87 and 88:
O Br Mg Fs Ai 2. Share-based paymen
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O Br Mg Fs Ai The current lack of c
Page 91 and 92:
O Br Mg Fs Ai Note 7 - Available-fo
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O Br Mg Fs Ai Below is a summary ta
Page 95 and 96:
O Br Mg Fs Ai Major additions/dispo
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O Br Mg Fs Ai Note 16 - Derivatives
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O Br Mg Fs Ai December 31, December
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O Br Mg Fs Ai Note 21 - Other liabi
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O Br Mg Fs Ai As of December 31, 20
Page 105 and 106:
O Br Mg Fs Ai Contractual life Gran
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O Br Mg Fs Ai Note 28 - Revenues Fo
Page 109 and 110:
O Br Mg Fs Ai Note 32 - Net finance
Page 111 and 112:
O Br Mg Fs Ai b. Under the particip
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O Br Mg Fs Ai The Group limits its
Page 115 and 116:
O Br Mg Fs Ai Liquidity risk The fo
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O Br Mg Fs Ai Interest rate risk Pr
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O Br Mg Fs Ai Note 36 - Contingent
Page 121 and 122:
O Br Mg Fs Ai Certain loan agreeme
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O Br Mg Fs Ai The net proceeds of t
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O Br Mg Fs Ai Additional transactio
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O Br Mg Fs Ai Note 39 - Operating s
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O Br Mg Fs Ai Note 41 - Critical ac
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O Br Mg Fs Ai therefore fail to imp
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O Br Mg Fs Ai Cyprus - Russia Activ
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O Br Mg Fs Ai The Dutch Antilles Ac
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O Br Mg Fs Ai United States Activit
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Additional information Advisors O B
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Annual report 2010 - plazacenters

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