Plaza Centers buys site in Poland to develop shopping centre

LONDON (Thomson Financial) - Plaza Centers N.V. said it has acquired a 17,000 square metre site in Leszno, Poland, for the development of a major new shopping and entertainment centre.

The emerging markets property developer said it expects the project to have a gross development budget of about 37 million euros and that it expects to start construction in the middle of 2009, with completion targeted for the end of 2010.

Plaza Centers said the shopping and entertainment centre will provide space for over 70 shops, with a total lettable area of 16,000 square metres.
Source:forbes.com