Plaza Centers N.V. DEFINITIVE AGREEMENT FOR THE SALE OF PLOT IN LODZ (8881U)
02 Abril 2019 - 8:47AM
UK Regulatory
TIDMPLAZ
RNS Number : 8881U
Plaza Centers N.V.
02 April 2019
April 02, 2019
PLAZA CENTERS N.V.
DEFINITIVE AGREEMENT FOR THE SALE OF A PLOT IN LODZ, POLAND
Plaza Centers N.V. ("Plaza" or the "Company") announces, further
to Note 5(3)(b) of the Company's annual financial statements 2018
published on March 21, 2018, regarding the sale of land Plot in
Lodz, Poland (the "Plot"), that it has signed a definitive
agreement (the "Agreement") for the sale of its 13,770 sqm Plot
(representing 22% of this holding) to a retail developer (the
"Purchaser") for a total gross consideration of EUR1.15 million
(less approximately EUR0.19 million invested by the Company in
access road).
Under the terms of the Agreement, the Purchaser paid EUR0.76
million, and the remaining consideration (approximately EUR0.09
million) will be paid not later than April 30, 2019. EUR0.11
million has already been received as advanced payments.
Ends
For further details, please contact:
Plaza
Avi Hakhamov, Acting CEO +36 1 6104523
Notes to Editors
Plaza Centers N.V. (www.plazacenters.com) is listed on the Main
Board of the London Stock Exchange, as of 19 October 2007, on the
Warsaw Stock Exchange (LSE: "PLAZ", WSE: "PLZ/PLAZACNTR") and, on
the Tel Aviv Stock Exchange. Plaza Centers has been active in real
estate development in emerging markets for over 23 years.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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April 02, 2019 10:47 ET (14:47 GMT)
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