Plaza Centers N.V. PLAZA COMPLETES THE SALE OF DAVID HOUSE, BUDAPEST (4304X)
February 21 2017 - 9:30AM
UK Regulatory
TIDMPLAZ
RNS Number : 4304X
Plaza Centers N.V.
21 February 2017
21 February 2017
PLAZA CENTERS N.V.
PLAZA CENTERS COMPLETES THE SALE OF DAVID HOUSE, BUDAPEST
Plaza Centers N.V. ("Plaza" or the "Company"), an emerging
markets property developer, announces that one of its wholly owned
subsidiaries has concluded the sale of David House, a 2,297 sqm
office building in Budapest, Hungary for circa EUR 3.2 million.
Of the net proceeds, at least 75% will be distributed to the
Company's bondholders on or before 31 March 2017, in line with the
Company's stated amended Restructuring Plan.
Ends
For further details, please contact:
Plaza
Dori Keren, CEO +48 22 231 99 00
FTI Consulting
Dido Laurimore / Claire Turvey / Tom Gough +44 20 3727 1000
Notes to Editors
Plaza Centers N.V. (www.plazacenters.com) is an emerging markets
developer of shopping and entertainment centres. It focuses on
constructing new centres and, where there is significant
redevelopment potential, redeveloping existing centres in both
capital cities and important regional centres. The Company is
listed on the Main Board of the London Stock Exchange, as of 19
October 2007, on the Warsaw Stock Exchange (LSE: "PLAZ", WSE:
"PLZ/PLAZACNTR") and, on the Tel Aviv Stock Exchange. Plaza Centers
N.V. is an indirect subsidiary of Elbit Imaging Ltd. ("EI"), an
Israeli public company whose shares are traded on both the Tel Aviv
Stock Exchange in Israel and on the NASDAQ Global Market in the
United States. Plaza Centers has been active in real estate
development in emerging markets for over 21 years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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