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%.
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.
