It will begin with an office building with a lettable area of 50,000 square meters on the site of a communist building left unfinished that was supposed to house the national radio company at one time, where it did preliminary work on the project that also includes a shopping center and stopped investments in 2009 after the start of the crisis.
Luc Ronsmans, country manager of the company, said Plaza Centers hoped to get the detailed zoning plan needed to start work on the office building in about two months. He added he did not know how high construction costs were but expected the investment to reach about EUR50 million.
Plaza Centers, a company controlled by Mordechay Zisser, one of Israel’s richest men, has recently signed a deal to sell 47 shopping centers in the US for $1.4 billion, hence the hope for new funds for investments in the Central and Eastern Europe.
(English version by Loredana Fratila-Cristescu)