Plaza Regulatory News (PLAZ)

19 Mar 2007 09:30

Plaza Centers N.V.19 March 2007 19 March 2007 PLAZA CENTERS OPENS RYBNIK PLAZA IN POLAND Plaza Centers N.V. ("Plaza" or the "Company"), a leading CEE emerging marketsproperty developer, today announces that it has completed and opened to thepublic the Rybnik Plaza Shopping and Entertainment centre in the city of Rybnik,Poland. The Rybnik Plaza is located in Rybnik's city centre and comprises 18,000 sqm ofGross Lettable Area with 470 parking spaces attached. The development is thefirst shopping and entertainment centre in Rybnik and was 100% let to local andinternational tenants on its opening. As described in the Company's Admission Document, the property was pre-sold toKlepierre, the French property group, and the formal handover and finalcompletion of the transaction are expected to take place within the next fewweeks. On completion of the transaction, a further announcement will be made toshareholders. Commenting on the opening, Ran Shtarkman, President and CEO, Plaza Centers N.V.said: "I am delighted to confirm the successful opening of our major development inRybnik, on time and on budget. This Shopping and Entertainment centre is the22nd we have developed and completed in Central and Eastern Europe ("CEE"), andthe fifth in Poland, following the opening of the Sadyba Mall in Warsaw and thePlaza Shopping centres in Krakow, Ruda Slanska and Poznan. By the end of 2007,we will open two further centres in Sosnowiec and Lublin in Poland and the ArenaShopping and Entertainment centre in Budapest, Hungary which will become one ofthe largest shopping centres in the CEE region. "We remain committed to our objective to further enrich and diversify Plaza'sportfolio through the development of additional high quality Shopping andEntertainment developments throughout the CEE region and in other emergingmarkets." For further details please contact: Plaza Mordechay Zisser, Chairman +972 3 6086000 Ran Shtarkman, president and CEO +36 1 462 7221 Roy Linden, CFO +36 1 462 7134 Financial Dynamics +44 20 7831 3113 Stephanie Highett/ Dido Laurimore/ Adam Leviton Notes to Editors Plaza Centers N.V. is a leading emerging markets developer of shopping andentertainment centres, focusing on constructing new centres and, where there issignificant redevelopment potential, redeveloping existing centres, in bothcapital cities and important regional centres. The Company is an indirectsubsidiary of Elbit Medical Imaging Ltd. ("EMIL"), an Israeli public companywhose shares are traded on both the Tel Aviv Stock Exchange in Israel and theNASDAQ Global Market in the United States. Plaza Centers is a member of the Europe Israel Group of companies which iscontrolled by its founder, Mr Mordechay Zisser. It has been present in realestate development in emerging markets for over 10 years. This information is provided by RNS The company news service from the London Stock Exchange