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Old March 7th, 2011, 09:38 PM   #61
cornel001
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It says the developer is having his activity suspended for 3 years... starting 15.01.2011
However, soon after there was a reply from developer that said that isnt true.
They said they are expecting this year the authorization document for the buildings complex.
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Old March 7th, 2011, 09:39 PM   #62
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Thanks mate!
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Old March 7th, 2011, 09:40 PM   #63
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The article says that one of the companies in the group of Plaza Centers has suspended its activity. But the company denied vehemently that this means to abandon the project. In fact, the head of the Plaza Centers projects in Romania said they are going ahead with Dambovita Center and other projects (he actually said they invested 100 mill Eur already and it'd be nuts to give it up). Currently, for Dambovita Center, they need some additional permitting and additional finacing sources. On the website of the project, Dambovita Center is reported as U/C, but there is currently no move on the yard.

I answered above already, including the denial by the developer.
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Old March 7th, 2011, 09:43 PM   #64
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Both us responded the same time.
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Old March 7th, 2011, 10:08 PM   #65
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that's great news
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Old March 7th, 2011, 10:11 PM   #66
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The bottom line is that the project is not abandoned, only on hold for lack of complete permitting mainly. Other than that, the project requires an additional 1 billion EUR in investment.
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Old October 17th, 2011, 03:47 PM   #67
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Plaza Centers To Start Developing Five Retail Projects in Romania in 2012
BUCHAREST (Romania), August 24 (SeeNews) – Dutch-based emerging market property developer Plaza Centers said on Wednesday it plans to start construction works on five retail projects in Romania next year.
http://seenews.com/news/latestnews/d...in2012-104220/
details http://www.plazacenters.com/index.php?p=project&id=41
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Old October 17th, 2011, 04:01 PM   #68
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Quote:
Originally Posted by Le Clerk View Post
Currently, for Dambovita Center, they need some additional permitting and additional finacing sources

From www.plazacenters.com

Quote:
August 2011

Romania
Plaza holds a 75% interest in a company in partnership with the Government of Romania to develop Casa Radio (Dambovita), the largest development plot in central Bucharest. It will comprise approximately 600,000 sqm of GBA, including a 170,000 sqm GBA shopping mall and leisure centre (one of the largest in Europe), offices, hotel, an apartment hotel, casino, hypermarket and a convention and conference hall. The Company has obtained the approval of the Urban Technical Commission of Bucharest and completion of the first phase is scheduled for 2013.
At Miercurea Ciuc (14,000 sqm GLA), as with any of Plaza‟s developments, Plaza will only proceed further if development finance is secured.
The Company continues the feasibility and planning phases of its development schemes in Timisoara, Iasi, Slatina, Hunedoara and Targu Mures. Timisoara and Iasi are in the design and planning stage and construction is scheduled to commence on projects in 2012 and 2013, with completion expected in 2013-2014 and 2014 respectively. In Slatina, the detailed design has been agreed, the majority of permits secured and construction is due to commence in 2012, subject to financing. Once financing is secured, the development will be delivered in two years. Hunedoara and Targu Mures are in the preliminary design phase and scheduled for completion in 2013.
During 2009, the Group completed the acquisition of a plot in Constanta, Romania. Constanta Plaza will comprise a retail and entertainment scheme with a GLA of 18,000 sqm and construction is expected to commence in 2012.
In addition, Plaza has a 50.1% stake in the Plaza-BAS joint venture. Currently the joint venture holds seven projects in Bucharest, Brasov and Ploiesti
http://www.plazacenters.com/download...24.08.2011.pdf
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Old November 1st, 2011, 09:02 PM   #69
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Plaza Centers Investors Presentation October 2011 - Casa Radio is still ON
http://www.plazacenters.com/download...tober_2011.pdf
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Old January 18th, 2012, 05:50 PM   #70
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Construction resumes with one of the towers

http://www.zf.ro/mediafax-biz-exclus...000-mp-9156164
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Old January 19th, 2012, 09:21 PM   #71
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Quote:
Plaza Centers negotiates resumption of construction works on largest real estate project downtown Bucharest

Real estate developer Plaza Centers, which signed a partnership with the Development Ministry in 2006 to carry out a project on the Casa Radio platform in central Bucharest, could resume works on the project this year, with plans to build an office building with a rentable area of 50,000 square meters, ZF writes.

Plaza Centers, controlled by one of the wealthiest Israeli businessmen, Mordechay Zisser, has already conducted preliminary construction works on the project, which also includes the construction of a commercial center, but stopped the investment in 2009 after the crisis kicked in.

Last week, the company signed an agreement for the sale of 47 commercial centers in the US for 1.4 billion dollars, thus obtaining funds that could be used for Central and Eastern Europe investments.

“We hope that in two months we can obtain the detail urban planning approval and the construction authorization from the Sector 1 authorities and then begin works on a ten-storey office building with a rentable surface of 50,000 square meters. I don’t know the costs of construction yet, how aggressive construction companies will be, but I expect an investment of about 50 million Euro,” said Luc Ronsmans, country manager of the company.

In the last few years, Plaza Centers had a litigation with the Sector 1 authorities, who challenged the zonal urban plan approved by the City Hall. The company reached an understanding with the Sector 1 mayor’s office and will build the project based on the received recommendations.

The Casa Radio project was begun at the same time with the AFI Palace Cotroceni mall, but while AFI Europe finalized its project in 15 months, Plaza Centers has been keeping its project on hold for three years.
Source
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Old June 29th, 2012, 06:50 AM   #72
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The litigation is over, the sector city authorities have withdrew any claims against the project - so the only hurdle standing in front of the project has been removed.
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Old April 14th, 2013, 11:34 PM   #73
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From PLAZA CENTERS N.V full year report for 2012 (released 14/03/2013)

Quote:
Plaza holds a 75% interest in a company in partnership with the Government of Romania to develop Casa Radio (Dambovita), the largest development plot in central Bucharest. It will comprise approximately 600,000 sqm of GBA, including a 158,000 sqm GBA shopping mall and leisure centre (one of the largest in Europe), offices, hotel, an apartment hotel, casino, hypermarket and a convention and conference hall. The Company has obtained the approval of the Urban Technical Commission of Bucharest and completion of the first phase is scheduled for 2014.
http://www.plazacenters.com/download...2013_final.pdf
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Old July 21st, 2015, 11:52 AM   #74
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Dâmbovița Center - Casa Radio București, Romania

RO: După ani și ani de amânări, dezvoltatorul israelien are în plan demararea construcției proiectului Casa Radio din București în 2016.
EN: After years and years of delays, the Israeli developer have the plan to restart the construction of Casa Radio Project in Bucharest in 2016.

SOURCE (in Romanian): Economica.net / http://www.economica.net/mobile/proi...or_103056.html

Quote:
Plaza Centers a semnat în urmă cu aproape zece ani un parteneriat cu Ministerul Dezvoltării Regionale pentru realizarea proiectului de la Casa Radio, numit Dâmboviţa Center, şi care urma să cuprindă spaţii de birouri, un hotel şi un mall. Mega-proiectul urma să înghită sute de milioane de euro.
În 2012, un oficial al companiei declara că speră să demareze construcţia unui clădiri birouri cu o suprafaţă închiriabilă de 50.000 de mp, ceea ce necesita o investiţie de 50 de milioane de euro.
De la cel anunţ au trecut trei ani şi niciun muncitor nu şi-a făcut aparaţia pe şantier. Faţada clădirii este folosită pe post de panou publicitar. Totuşi, semnalele pozitive din piaţa imobiliară par să impulsioneze decizia Plaza Centers de a începe efectiv construcţia proiectului.
"Vrem să începem lucrările la Casa Radio anul viitor. Vom construi o clădire de birouri de 50.000 de mp, aşa cum aveam în plan", a declarat, pentru ECONOMICA.NET, Hanan Schraiter, marketing & development manager în cadrul Plaza Centers.
În plus, compania este aproape de a semna cu retailerii ancoră pentru mallul din Timişoara. Oficialul Plaza Centers nu a vrut să dezvăluie numele retailerilor, dar a ţinut să precizeze că negocierile se află în stadiu avansat.
"Fie la sfârşitul acestui an, fie la începutul anului viitor, vom demara lucrările şi la proeictul din Timişoara. Din toate oraşele, Timişoara înregistrează o creştere a activităţii şi vom concura cu cei de la Iulius Mall şi NEPI. Vrem ca anul viitor să ne axăm pe aceste două proiecte şi să vindem din terenurile pe care le mai avem la Slatina, Constanţa şi Miercurea-Ciuc", a mai declarat pentru ECONOMICA.NET Schraiter.
Plaza Centers a finalizat recent vânzarea terenului de mall din Iaşi, după ce anul trecut a vândut alte două terenuri, unul la Tîrgu-Mureş, şi unul la Hunedoara.
Plaza Centers mai deţine pe piaţa locală şi hotelul Radisson Blu din Bucureşti.
Translation
Plaza Centers has signed almost ten years ago a partnership with the Ministry for Regional Development of Casa Radio project, called Dambovita Center, and that would include office space, a hotel and a mall. The mega-project swallowed hundreds of millions of euros.
In 2012, a company official said he hopes to begin construction of an office building with a lettable area of ​​50,000 sqm, which required an investment of 50 million euros.
Since the announcement went three and no worker has not made device on site. The facade of the building is used as a billboard. However, positive signals from the real estate market appear to boost Plaza Centers decision to actually start construction of the project.
"We want to start work at Radio House next year. We will build an office building of 50,000 sqm, as we had planned", he said for ECONOMICA.NET, Hanan Schraiter, marketing & development manager at Plaza Centers.
In addition, the company is close to signing with retailers anchor for the mall in Timisoara. Plaza Centers official would not disclose the names of retailers, but wanted to mention that negotiations are at an advanced stage.
"Whether the end of this year or early next year, we will start work and projected as Timisoara. Of all cities, Timisoara an increase in activity and will compete with those from Iulius Mall and NEPI. We want next year to focus on these two projects and sell the land they still have to Slatina, Constanta and Miercurea-Ciuc, "he told ECONOMICA.NET Schraiter.
Plaza Centers recently completed sale of the land of mall in Iasi, after last year sold two plots, one in Tirgu Mures, and one in Hunedoara.
Plaza Centers also owns the local market and the Radisson Blu Hotel in Bucharest.

Issue of 10th July 2015
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Last edited by Seoul_Korea; July 21st, 2015 at 12:02 PM.
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Old May 31st, 2016, 01:43 PM   #75
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What's going on with this project now?
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Old June 5th, 2016, 12:22 PM   #76
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Quote:
Originally Posted by Bohlin View Post
What's going on with this project now?
Not much. According to the latest company presentation, the plans for Casa Radio in 2016 are:

Advancing related permits and approvals for the Casa Radio project in Bucharest, Romania and exploring opportunities for financing and/or partnerships for the development.

Basically what they have been doing since 2009.
Also, the project has been scaled-down, so the thread title is not accurate.
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Old October 7th, 2017, 03:05 AM   #77
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Israelienii de la Plaza Centers își anunță acționarii că au PUZ-ul pentru Casa Radio.
Profit.ro: Israelienii vor să vândă și acest proiect

https://www.profit.ro/insider/compan...oiect-17239657

Dezvoltatorul imobiliar cu capital israelian Plaza Centers, aflat în proces de restructurare a afacerilor, și-a anunțat acționarii că a obținut PUZ-ul pentru transformarea Casei Radio într-un complex comercial, care să includă spații de birouri și un hotel, surse apropiate declarând însă pentru Profit.ro că israelienii iau în calcul vânzarea acestui proiect.
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Old October 11th, 2017, 10:20 PM   #78
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Daca asta e proiectul, si daca se va concretiza (Doamne ajuta!) atunci se vor intampla doua lucruri majore:
- skyline-ul Bucurestiului se va modifica substantial pe zona centrala - nu in inaltime, dar in combinatie cu Victoriei-Basarab va crea o panorama nedensa, dar larga
- poate si mai important - va da mult asteptatul restart pentru constructia pe verticala
In concluzie: finalizarea acestui proiect este esentiala!
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