Annual report 2010 - plazacenters
Annual report 2010 - plazacenters
Annual report 2010 - plazacenters
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Koregaon Park Plaza<br />
(pictured)<br />
110,000m² expected opening H2 2011<br />
In February 2007, Plaza Centers acquired its first development<br />
project in India, Koregaon Park Plaza. The six-acre (24,000m 2 )<br />
plot is located in the Koregaon Park district, an up-market<br />
area of Pune. The mixed-use scheme has a total GBA of<br />
approximately 110,000m² including a shopping center<br />
(93,000m 2 ) and offices (17,000m 2 ) all inclusive of underground<br />
parking spaces. The project is already under construction and<br />
the shopping center is scheduled for completion in H2 2011.<br />
It will be the Company’s first completed development in India.<br />
Torun Plaza<br />
40,000m² expected opening Q4 2011<br />
Torun Plaza is located in Torun, a city of 200,000 inhabitants.<br />
Torun will be a three-floor shopping center with approximately<br />
40,000m 2 of GLA anchored by a supermarket, a department<br />
store, a multiscreen cinema as well as a bowling and<br />
entertainment area. The shopping and entertainment center<br />
is already 55% pre-let and scheduled to open in Q4 2011.<br />
Kragujevac Plaza<br />
22,000m² expected opening H1 2012<br />
Kragujevac Plaza is the first development of the Group in<br />
Serbia. Kragujevac is the fourth largest city in Serbia. Plaza is<br />
developing a new shopping and entertainment center starting<br />
Q4 <strong>2010</strong>, with a total GLA of 22,000m 2 , which will include a<br />
cinema, fashion retailer, a food court, restaurants and parking<br />
spaces for approximately 600 cars.<br />
The shopping and entertainment center is already 70% pre-let<br />
and is expected to be completed in H1 2012.
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