News and commentary

A Pilsener Toast

By Vivian Lewis
Updated: Friday, August 01 2008 07:08:AM

    Raise high your beer steins filled with Pilsener to Elbit Medical which has just closed on a 3-year old deal to sell its Plzen Plaza shopping and entertainment center to French real estate company Klepierre. Thanks to an unheard of 100% occupancy level and the resulting high income level, the price paid by the French firm was euros 61.4 mn, a substantial boost from results from the negotiated contract levels of euro 42.8 mn. EMITF.Q is an Israel developer of real estate sites in Russia, Israel, and Eastern Europe. Is main focus is shopping centers but it is also building gambling dens for Las Vegas on Danube in Budapest.