London and Warsaw-listed Plaza Centers has announced it has received gross cash proceeds of approximately EUR 381 mln from the sale of Arena Plaza to UK-based Active Asset Investment Management (AAIM). Arena Plaza's 66,000 m[sup]2[/sup] of lettable area makes it Hungary's largest shopping and entertainment centre. Fully let upon opening on 15 November 2007 Arena Plaza's tenants include Tesco, the Inditex Group, German retailer, Peek & Cloppenburg, H&M, Electro World, Hervis and C&A. It also contains a 23-screen Cinema City complex and the country’s first IMAX theatre.
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