Plaza Centers, the emerging markets shopping centre developer, said it could freeze up to 26 of its 32 projects, or over 81% of its development pipeline, in light of the ‘extraordinary market conditions.’ In a management statement for the three months ended September 30, Plaza Centers said that it has taken the strategic decision to ‘scale back on projects starts and acquisitions.’
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
