Torun Plaza.
Torun
Plaza is located in Torun, a ca. 800-year-old city of 200,000
inhabitants with a catchment area of ca. 280,000 inhabitants within a 30
minute driving distance, located in the northwest of Poland. It
comprises 40,000 m² of GLA spread over two floors with approximately
1,100 parking spaces.
The center includes an eight-screen cinema
of Cinema City, Fantasy Park entertainment center and a Delima
delicatessen, as well as over 120 shops with international and local
brands such as H&M, C&A, KappAhl, Zara, Bershka, Stradivarius,
Pull & Bear, Massimo Dutti, Reserved, Cropp House, Mohito, Mango,
New Yorker-Rossmann, Douglas and Sephora.
Torun Plaza was
approximately 80% let on opening, with a further 10% of space in
advanced negotiations and strong interest expressed in the remaining
space.
Plaza has been active in development of shopping and
entertainment centers in emerging markets for over 15 years, initially
developing shopping and entertainment centers in Hungary and
subsequently expanding into Poland, the Czech Republic, Romania, Latvia,
Greece, Serbia, Bulgaria and India.
It was the first company to
develop western-style shopping and entertainment centers in Hungary and
has pioneered this concept throughout the CEE, building a strong track
record of successfully developing, letting, selling and managing
shopping and entertainment centers.
To date, Plaza has sold 26
of its shopping center developments with an aggregate gross value of
circa €1.16 billion. These comprise 17 shopping centers in Hungary,
seven in Poland and two in the Czech Republic. The remaining five
shopping centers (including Torun) are currently being held as
operational assets, of which three are located in Poland, one in the
Czech Republic and one in Latvia.
Ran Shtarkman, President and
CEO, Plaza Centers N.V. said: "The completion of our 31st shopping
center in the CEE region, and our 10th in Poland, is an important
milestone for Plaza in 2011.
Source: FTI Consulting, europe-re.com