Plaza Centers has concluded its second transaction in Romania through the purchase of a 31,800 m[sup]2[/sup] plot of land in Timisoara, West Romania. Plaza is planning to develop a 30,000 m[sup]2[/sup] shopping centre and about 20,000 m[sup]2[/sup] of new mixed retail, office and residential space adjacent to the mall. The total estimated development cost of the project is EUR 60 mln.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
