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%.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
