Casa Radio - Romania

In the heart of Bucharest, Plaza is developing its Mega mixed-use Casa Radio project, which will comprise over 600,000 sqm of gross built area and will become THE NEW National destination.

• Plaza Centers owns a 75% stake in the Casa Radio project in centeral Bucharest, and has entered into a public-private partnership agreement with the Government of Romania to develop the approximately 1.5 billion Euro Casa Radio (Dambovita) scheme in Bucharest, the largest development plot available in the city centre. The Romanian Government will remain a 15% partner in the scheme as well as additional third party (10%).
• The acquisition, which was described in the Company's IPO prospectus, is a further demonstration of Plaza's leading position in the CEE region.
• The Casa Radio development sits on a 9.195 hectare (22.7 acre) site located in central Bucharest, incorporating a large area of the Bucharest city centre.  Gara de Nord, the city's main railway station is nearby as well as the adjacent Eroilor Metro Station and a number of trolley bus services which serve the site.
• The scheme will include a shopping and entertainment center of approximately 170,000 sqm, with a hypermarket of approximately 6,500 sqm, a hotel of 35,000 sqm (320 rooms), an apartment hotel of 18,000 sqm, a ferris wheel, a conference center of 14,000 sqm and 130,000 sqm of offices.