Current page

< back to search results

2014-03-17  10:58

CIJ Journal

more results


Plans remain for Casa Radio’s redevelopment


Plaza Centers, which recently went bankrupt, plans to demolish 70 percent of Casa Radio in Bucharest and redevelop the property into a massive-mixed use project. The scheme will include a 76,000 sqm shopping center, 219,000 sqm of office space and a 59,600 sqm residential component. Plaza Centers paid €30m in 2006 for a 75-percent stake in Casa Radio. It is partnering with the Romanian state on the redevelopment plans. The state owns a 15-percent stake in the project.

However, Elbit Imaging, which controls Plaza Centers, had debts totaling €400m at the end of June. Creditors are set to approve the company’s reorganization plans next month. A court in Amsterdam approved Plaza Centers’ request to suspend preliminary payments

pdfdownload PDF Statisticsbookmark

Basic Statistics

69- Companies publishing
15278- Daily updates
27- Countries

Start publishing today!