Plaza buys controlling stake in Sofia project

By A staff reporter 2009-02-05T00:00:00

Plaza Centers, the emerging markets property developer, has acquired a controlling stake in a 75,000 m[sup]2[/sup] office and retail project in Sofia, Bulgaria. Plaza is paying for the 51% stake with just under EUR 2.8 mln in cash and the assumption of EUR 4.4 mln of debt, representing 51% of ...

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