Deal Snapshot
PLAZA CENTERS TO SELL ROMANIAN PLOT FOR EUR 7.25M
Friday 11 August 2017

Dutch property developer Plaza Centers N.V. (LSE: PLAZ) (TASE: PLAZ) has signed an agreement for the disposal of a plot totalling approximately 32,000 sqm in Timisoara, Romania, for EUR 7.25m (USD 8.53m), which is in line with book value, the company said.
The plot is situated in the north east of Timisoara, a city in western Romania, close to the border with Hungary, with a population of 320,000 inhabitants. The company also announces that it has completed the sale of a plot totalling approximately 30,000 sqm in Constanta, Romania, for EUR1.3 m, which is in line with book value. The plot is located on one of the two main entrance roads to Constanta, a city located on the coast of the Black Sea and one of Romania's main industrial, commercial and tourist centres, with a population of approximately 290,000 inhabitants.


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Details
Date Published: 11/08/2017
Target: Plot totalling approximately 32,000 sqm in Timisoara, Romania
Country: USA
Deal Size: 8.53m (USD)
Sector: Construction/Real Estate
Type: LBO
Financing: Cash
Status: Agreed
Vendor:
Buyer: Plaza Centers N.V.
Comment:


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