"The contract concluded with the Romanian state included the construction, apart from the offices, retail spaces and hospitality, of a residential area. On the other hand the Zone Urban Plan does not include a residential area as nobody buys them anymore. We intend to modify the contract’s provisions according to the Zone Urban Plan and to build only offices, retail and hotel spaces. The commercial terms will remain unchanged", has declared for MEDIAFAX Hanan Schraiter, marketing & business development manager within Plaza România.
Plaza Centers, which entered judicial reorganization this year, owns 75% shares in Casa Radio project, in a partnership signed in 2006 with the Ministry of Development. The project should have a built area of 550,000 sq. m, including a commercial centre with rentable area of 76,000 sq. m, office space, hotel, apart-hotel and a conference centre. According to the financial report the completion on the first phase is scheduled for 2016-2017. (sursa: zf.ro)
