Casa Radio
Region: Romania
Project type: Mixed-use retail and leisure plus office scheme
Size: 467,000 sqm (GBA including parking)
Plaza share: 75
Project status: Planning stage

Casa Radio - Romania

In February 2007, the Company consummated a transaction for the acquisition of a 75% interest in a company (the "Project Company"), which under a public-private partnership agreement with the Government of Romania is expected to develop the Casa Radio (Dambovita) site in central Bucharest. The property comprises a site covering an approximate area of 92,000 sqm (97,000 sqm including 5,000 sqm for Public Authority Building ("PAB")).

The proposed scheme will comprise the refurbishment of the existing building as well as the development of additional space annexed to the building and on adjoining land. The development of Casa Radio comprises approximately 467,000 sqm of built area, including a 90,000 sqm GLA shopping mall and indoor leisure center, approximately 127,000 sqm GBA of offices, hotel complex with conference center and underground car parking spaces.

The Company expects to complete the first phase of the project, which includes the shopping center, parking and PAB, in 2017.

The Company has obtained the "PUD" (Detailde Urban Permit) and the "PUZ" (Zonal Urban Permit) for the site.

Casa Radio

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