24th Mar 2016 10:29
LONDON (Alliance News) - Emerging markets property developer Plaza Centers NV on Thursday said it has sold a site in Slatina in Romania for EUR660,000.
Plaza has sold the 23,880 square metre site to an unnamed third-party developer, and the price was in line with the asset's last reported book value.
Plaza will distribute 75% of the proceeds to bondholders by the end of June this year, in line with the company's restructuring policy.
Shares in Plaza were untraded on Thursday, having last traded at 1.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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