On 26 May 2011 Plaza Centres plc published its Interim Directors’ Statement covering the first quarter of 2011. The Company stated that during the period under review the financial position of the company maintained a satisfactory level of performance in line with the Directors’ expectations.
Plaza explained that it inaugurated its new extension on 18 March 2011 with 85% of the additional area already leased out. The Company also confirmed that negotiations are on-going for the leasing of the remaining areas. The average occupancy for the period stood at 92% and this level is expected to increase by the third quarter of the year.
The Directors concluded by stating that subject to any unforeseen circumstances, they expect the Company’s financial results for the year to be within the projections prepared at the beginning of the year.