Plaza Centers N.V. A DEFINITIVE AGREEMENT FOR SELLING LAND PLOT, LODZ (5419P)
October 10 2019 - 12:14PM
UK Regulatory
TIDMPLAZ
RNS Number : 5419P
Plaza Centers N.V.
10 October 2019
October 10, 2019
PLAZA CENTERS N.V.
SIGNING A DEFINITIVE AGREEMENT FOR SELLING THE LAND PLOT IN
LODZ, POLAND
Plaza Centers N.V. ("Plaza" or the "Company") announced today,
further to its announcement dated September 4, 2019, regarding the
Conditional Sale Agreement for the sale of its remaining holdings
in the land Plot in Lodz, Poland (circa 47,860 sqm) (the "Plot") to
a local developer (the "Purchaser") for a total gross consideration
of approximately EUR1.10 million (the "Consideration"), that the
Company has signed a definitive agreement for the sale of the
Plot.
The Company has received 50% of the Consideration and the
remaining 50% will be transferred to the Company not later than
December 10, 2019. This payment will be secured by a mortgage on
the Plot.
Ends
For further details, please contact:
Plaza
Avi Hakhamov, Executive Director +36 1 6104523
Forward-looking statements
This press release may contain forward-looking statements with
respect to future payments under the definitive agreement with the
Purchaser. Such statements are based on current expectations,
estimates and projections of Plaza Centers N.V. and information
currently available to the company. Plaza Centers N.V. cautions
readers that such statements involve certain risks and
uncertainties that are difficult to predict and therefore it should
be understood that many factors can cause actual performance and
position to differ materially from these statements. Plaza Centers
N.V. has no obligation to update the statements contained in this
press release, unless required by law.
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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