Plaza Centers, a developer of shopping malls in eastern Europe, has received permission to build a EUR 749 mln shopping and entertainment centre in the centre of Bucharest. Plaza, a subsidiary of Israeli public company Elbit Medical Imaging, holds a 75% stake in the Casa Radio project, while the Romanian Government controls 15%.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
