Elbit to build E. Europe's biggest mall

Pharma

Elbit Medical Imaging Ltd's Plaza Centers BV will spend Ft 30 billion to build Eastern Europe's biggest shopping and entertainment center in Budapest, according to Népszabadság. Plaza Centers will complete the development over two years on a former horseracing track it bought from Bouygues SA for €21 million last month, the newspaper reported, citing spokeswoman Vera Vadas. Plans include a 21-room movie theatre, a two-story hypermarket, shops, cafes, an art market and parking lots, with a hotel and offices to be added later. Tel Aviv-based Elbit last year formed a $673 million venture with Heitman Financial Ltd, a U.S. investor, to own and operate shopping and entertainment centers in Eastern Europe.

ADVERTISEMENT

Gross Average Earnings at HUF 528,800 in January Figures

Gross Average Earnings at HUF 528,800 in January

Hungarian Lawmakers Ratify Finland's NATO Accession Parliament

Hungarian Lawmakers Ratify Finland's NATO Accession

Graphisoft Park Delays Transition to Dividend Payment in EUR Office Market

Graphisoft Park Delays Transition to Dividend Payment in EUR

HIPA Awards 'Investors of the Year' Awards

HIPA Awards 'Investors of the Year'

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.