The value of the Casa Radio project, located in Bucharest, is currently valued at €331.7m, a significant fall from the €772.35m it was worth in 2010, according Plaza Centers annual report for 2011.
The majority of the existing Casa Radio will be demolished, to be replaced with a 600,000 sqm development. Plaza Centers has delayed its completion estimate for the project until 2016, having already prediced it wouldn’t be completed before 2013.
The project includes retail, office space, 5-star hotel, a casino, hypermarket and a conference center.
