Real Estate
By Maryam Cockar
Date: Friday 21 Apr 2017
LONDON (ShareCast) - (ShareCast News) - AIM-listed merging markets property developer Plaza Centers opened Belgrade Plaza, its 34th shopping centre and its second in Serbia, on Thursday.
The shopping centre is 97% let and is expected to be fully leased in the coming months.
Plaza's subsidiaries have signed a binding share purchase agreement with BIG Shopping Centers, an Israel-listed company, for the sale of the Belgrade Plaza shopping and entertainment centre.
As part of the deal, Plaza will receive €2m for opening the centre and in line with the company's restructuring pan, 75% of the proceeds will be distributed to Plaza's bondholders. Future proceeds are expected subject to certain conditions being met.
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Currency | UK Pounds |
Share Price | 20.00p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 57.00 |
52 Week Low | 15.00 |
Volume | 0 |
Shares Issued | 6.86m |
Market Cap | £1.37m |
RiskGrade | 330 |
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Ex-Div | n/a | 21-Sep-11 |
Paid | n/a | 23-Sep-11 |
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