"We consider every city with population of over 50, 000 people".

Ran Shtarkman

Plaza Centers, the shopping and entertainment centers developer with a special focus on Central and Eastern Europe, have managed to secure fifteen new projects this year and are currently active in Hungary, Poland, the Czech Republic, Romania, Serbia, Bulgaria, Latvia, Greece and India, with Ukraine to be added soon.

Will the company conclude more acquisitions before the end of this year? Which cities are Plaza Centers viewing, in general, and in Bulgaria, in particular? How many shopping-centers is the Bulgarian city of Shoumen able to accommodate? Will the company execute the housing and business components within their Romanian mixed-use projects through BAS, the residential and office developer, in which Plaza Centers acquired a 50.1 pct stake? What is the anticipated total value that Casa Radio, the company’s most outstanding project in Romania, is expected to reach upon completion? Property Xpress addresses these questions to Mr. Ran Shtarkman, President and CEO of Plaza Centers, in the present interview.

You can also read Mr. Shtarkman’s insights into issues such as: Why did Plaza Centers change their strategy in 2004 and are no longer managing the centers they develop? Is another change in the company’s strategy possible? What is their overall objective with regard to Romania, Bulgaria, Serbia and Ukraine? What yields could be expected in SEE over the next years? Can comparables to Dream Island be built in Eastern Europe? Is Bulgaria suitable for Las Vegas style complexes? Why did the company give preference to the Warsaw Stock Exchange over the Budapest Stock Exchange when performing their second listing? Are Plaza Centers considering a raising of capital in the near future? Read on in order to find out.


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