Business
REPLACEMENT: INTERIM MANAGEMENT STATEMENT
REPLACEMENT: INTERIM MANAGEMENT STATEMENT.
About this update from Plaza Centers N.v.
[{"type":"text","content":"\n \nRNS Number : 6443Y Plaza Centers N.V. 18 May 2016 \n\n \n \n \n \nNon material typographical changes have been made to the 'First Quarter IMS' announcement released by Plaza Centers N.V. on 18 May 2016 at 1330 UK time under RNS No 6247Y. \n \nThe changes are identified below with an asterisk (*).\n \nThe full amended text is shown below.\n \n \n \n18 May 2016\n \nPLAZA CENTERS N.V.\n \nFIRST QUARTER INTERIM MANAGEMENT STATEMENT AND INTERIM FINANCIAL INFORMATION\n \nSTABLE PERFORMANCE RECORDED IN CORE PORTFOLIO AND FURTHER STRATEGY PROGRESS\n \n \nPlaza Centers N.V. (LSE: PLAZ) (\"Plaza\" / the \"Company\" / the \"Group\"), a leading emerging markets property developer, today announces its interim management statement relating to the period from 1 January 2016 to 31 March 2016 (the \"Period\") and unaudited interim financial information for the three month period ended 31 March 2016, together with an update on transactional activity to the date of this announcement.\n \nStable performance at core CEE shopping centres during the Period:\n· Like-for-like portfolio occupancy up almost 2% to 95.92%, compared to 94% in Q1 2015. \no Turnover at Riga Plaza, Latvia, was up by 6.2% compared to the first quarter of 2015, while footfall also increased on a like-for-like basis by 1.3% and occupancy remained stable at 97% (2015: 96.1%). This stabilised positive performance and the prospect of further potential has enabled its sale after the period end, as detailed below.\no Turnover at Suwalki Plaza, Poland, was significantly up by 11%, while footfall increased by 7%, versus the first quarter of 2015. Occupancy remains high (95.4% compared to 99.2% in Q1 2015) despite a number of lease expiries, and negotiations are currently underway with a number of existing and prospective new tenants, the successful conclusion of which should result in close to 100% occupancy again in the near future. \no At Torun Plaza, Poland, occupancy increased to 94.08% (2015: 92.81%) due to a number of new leases being signed, including with fashion retailer Sizeer, bookstore Swiat Książki and tour operator Rainbow. Further to this, an additional 600 sqm has been leased by existing tenants, Reserved and CCC, both of which are expandin...