20 November 2012
PLAZA CENTERS N.V.
THIRD QUARTER INTERIM MANAGEMENT STATEMENT - ONGOING PROGRESS IN 2012
Plaza Centers N.V. (“Plaza” / “Company” / “Group”), a leading emerging markets property developer, today
announces its interim management statement relating to the period from 1 July 2012 to 30 September 2012 (“the
Period”) and includes an update to the date of the publication of this report.
...
During the Period the Company continued making progress with the permitting process of two of its key
CEE developments, Lodz Plaza, in Lodz, Poland and Sports Star Plaza, in Belgrade, Serbia. Depending
on securing the permits and availability of project financing, Plaza expects to commence construction on
both of these schemes during 2013.
...
Ran Shtarkman, President and Chief Executive Officer of Plaza Centers N.V., said:
“Against a backdrop of ongoing uncertainty, the Company has been able to improve underlying operational
performance by driving occupancy at our managed portfolio, while contriving to advance its development
programme in its key markets. By leveraging the deep relationships we have created over many years with
retailers, many of whom we have helped enter into new geographies, and driving the strong trading performance
of our centres, we continue to improve occupancy at the portfolio level. We have been particularly pleased by the
performance of Kragujevac Plaza, Serbia, which has received over 2.1 million visitors since its opening in March
2012, which gives us great confidence for our future developments in the country.
