Israeli firm to build shopping centers; plans USD 200 mn investment

PlazaCentersLogoPlaza Centers, a subsidiary of the Israel based Elbit Medical Imaging, which has recently raised 230 million Euros on the London Stock Exchange, now eying the Indian subcontinent as its next region for growth, in the coming years is planning to invest USD 200 million in India to build shopping centers according to  a recent report in Ha’aretz an Israel daily.

Plaza Centers, is active principally in the development, construction, leasing and operation of shopping and entertainment centers in Central and Eastern Europe. The Group has built 16 American-style centers in Hungary, four in Poland in major cities and outlying areas, and has recently completed a new center in Prague. The centers, which range from 10,000 to 50,000 square meters, include a commercial complex (supermarket and anchor stores), a food court and entertainment facilities, such as cinemas, video arcades and bowling alleys.

Moti Zisser, the owner of Elbit- the tech-cum-real estate company, conducted a road show in London with Rami Goren, who is in charge of the group’s activity in India, and Ran Starkman, the chief executive of Plaza Centers.

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