Plaza Centers plans real estate complexes in India
The centers will encompass office and housing space as well as hotels. To execute these plans, the firm's management has established a joint venture with Elbit Imaging, in which Plaza Centers will hold a 47.5 percent stake.
"In our issue prospectus from 2006 we indicated India as a country of great potential from the point of view of our company and we maintain this opinion. Within the past seven years, India's economy has developed significantly and it all seems like this trend will continue in the upcoming decade," declared Ran Shtarkman, Plaza Centers director general.
The total budget for the investment is estimated at $3.4 billion.
Source: Puls Biznesu (A.K.)
"In our issue prospectus from 2006 we indicated India as a country of great potential from the point of view of our company and we maintain this opinion. Within the past seven years, India's economy has developed significantly and it all seems like this trend will continue in the upcoming decade," declared Ran Shtarkman, Plaza Centers director general.
The total budget for the investment is estimated at $3.4 billion.
Source: Puls Biznesu (A.K.)
