29th Mar 2007 07:01
Plaza Centers N.V.29 March 2007 29 March 2007 PLAZA CENTERS OPENS SOSNOWIEC PLAZA IN POLAND Plaza Centers N.V. ("Plaza" or the "Company"), a leading Central and EasternEuropean emerging markets property developer, today announces that it hascompleted and opened to the public the Sosnowiec Plaza Shopping andEntertainment centre in the city of Sosnowiec, Poland. The Sosnowiec Plaza is located 300 metres from the city centre of Sosnowiec andcomprises 13,000 sqm of Gross Lettable Area with 400 parking spaces attached.The development was 100% occupied by international and local tenants on itsopening. As described in the Company's Admission Document, the property was pre-sold toKlepierre, the French property group, and the formal handover and finalcompletion of the transaction are expected to take place within the next fewweeks. On completion of the transaction, a further announcement will be made toshareholders. Commenting on the opening, Ran Shtarkman, President and CEO, Plaza Centers N.V.said: "The opening of Sosnowiec Plaza is a further demonstration of Plaza's leadingposition in the CEE region providing international and local brand name tenantswith high quality shopping and entertainment centres in excellent locations. Itis our sixth successfully completed development in Poland following the recentopening of Rybnik Plaza and we look forward to concluding the transaction withKlepierre in the next few weeks." For further details please contact: Plaza Mordechay Zisser, Chairman +972 3 6086000Ran Shtarkman, President and CEO +36 1 462 7221Roy Linden, CFO +36 1 462 7134 Financial Dynamics +44 20 7831 3113Stephanie Highett/ Dido Laurimore/ Adam Leviton Notes to Editors Plaza Centers N.V. is a leading emerging markets developer of shopping andentertainment centres, focusing on constructing new centres and, where there issignificant redevelopment potential, redeveloping existing centres, in bothcapital cities and important regional centres. The Company is an indirectsubsidiary of Elbit Medical Imaging Ltd. ("EMIL"), an Israeli public companywhose shares are traded on both the Tel Aviv Stock Exchange in Israel and theNASDAQ Global Market in the United States. Plaza Centers is a member of the Europe Israel Group of companies which iscontrolled by its founder, Mr Mordechay Zisser. It has been present in realestate development in emerging markets for over 10 years. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Plaza