Europe-based property developer Plaza Centers has acquired about 10.78 acre land Thiruvananthapuram Rs.106 crore. The land was acquired in a 50:50 joint venture with a leading Indian property developer, Plaza Centers said in a release. “This transaction further demonstrates Plaza’s ambition to expand its activities beyond central and eastern Europe,” Plaza Centers CEO Ran Shtarkman said.
The company intends to use the plot to develop a project totalling 2.1 million sq ft, comprising a shopping- cum-entertainment centre with a total area of about 7.2-lakh sq.ft., an office complex of 9.7-lakh sq ft and a hotel of 4-lakh sq ft. –Source: http://www.hindu.com/pp/2007/06/23/stories/2007062350600400.htm
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