FINAL PAYMENT RECEIPT FOR MUP DISPOSAL IN BELGRADE

RNS Number : 2982S

Plaza Centers N.V.

29 September 2017

 

29 September 2017

PLAZA CENTERS N.V.

RECEIPT OF FINAL PAYMENT FOR MUP DISPOSAL IN BELGRADE

Plaza Centers N.V. ("Plaza" or the "Company"), an emerging markets property developer, further to its announcements on 29 June 2016 and 1 February 2017, has received the final payment of €1 million for the sale of the MUP plot in Belgrade, Serbia. The final payment comprises the €400,000 purchase price for the asset, together with an additional €600,000 which had been conditional upon the purchaser receiving development rights for the plot of at least 69,000 sqm above ground.

Ends

For further details, please contact:

Plaza

Dori Keren, CEO                                                                        [phone]

FTI Consulting

Dido Laurimore / Claire Turvey / Tom Gough                                 [phone]

Notes to Editors

 

Plaza Centers N.V. (www.plazacenters.com) is an emerging markets developer of shopping and entertainment 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.

 

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