Annual report 2010 - plazacenters
Annual report 2010 - plazacenters
Annual report 2010 - plazacenters
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Overview<br />
Current devel opments<br />
continued<br />
O<br />
Br<br />
Mg<br />
Fs<br />
Ai<br />
Romania<br />
Market value<br />
Ownership Market value on of land and Expected<br />
Project City (%) GLA (m²) completion (€m) .(1) project (€m) .(1) completion<br />
Casa Radio Bucharest 75% 600,000 .(2) 772.5 182.4 2013-2015<br />
Iasi Plaza Iasi 100% 62,000 113.8 17.5 2014<br />
Timisoara Plaza Timisoara 100% 40,000 95.1 16.4 2014<br />
Targu Mures Plaza Targu Mures 100% 30,000 55.9 6.1 2013<br />
Constanta Plaza Constanta 100% 18,000 19.9 11.3 2013<br />
Slatina Plaza Slatina 100% 17,000 32.5 2.0 2013<br />
Csiki Plaza Miercurea Ciuc 100% 14,000 26.8 14.6 2013<br />
Hunedoara Plaza Hunedoara 100% 13,000 26.0 3.0 2013<br />
Palazzo Ducale Bucharest 100% 700 1.9 1.9 Operating office<br />
1 Value as per King Sturge valuation <strong>report</strong> as at December 31, <strong>2010</strong>.<br />
2 GBA.<br />
Plaza has a significant development pipeline in Romania, with eight sites for shopping and entertainment centers and mixed-use<br />
schemes in various stages of development. During <strong>2010</strong>, the Group continued with the feasibility and planning phase and made<br />
good progress with obtaining permits.<br />
Hunedoara Plaza<br />
Iasi Plaza Slatina Plaza Targu Mures Plaza<br />
Plaza Centers N.V. <strong>Annual</strong> <strong>report</strong> <strong>2010</strong> 21
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