Conclusion of lease agreement with Carrefour
February 08 2010 - 4:35AM
UK Regulatory
TIDMECDC
RNS Number : 8116G
European Convergence Develop. CoPLC
08 February 2010
8 February 2010
EUROPEAN CONVERGENCE DEVELOPMENT COMPANY PLC
("ECDC" OR "THE COMPANY")
Conclusion of lease agreement with Carrefour for Galleria Plovdiv retail mall
European Convergence Development Company PLC ("ECDC" or the "Company") is
pleased to announce that Galleria Plovdiv AD, the Company's joint venture
associate company, has successfully concluded a lease agreement with Carrefour
Bulgaria AD for slightly over 10,700 m2 in its retail mall development, Galleria
Plovdiv ("the Mall").
The Mall has a Gross Leasable Area of 49,400 m2 and this new lease represents
about 22% of the available space. Total leases signed or under offer now amount
to approximately 75% of the total available area. Carrefour will effectively
anchor the development with its hypermarket platform.
The participation of such a proven global brand represents a significant
achievement in the leasing strategy for the Mall and should have a significant
beneficial impact on the Mall's footfall and therefore prospective tenant
interest.
All parties are working towards an opening date in late March 2010.
Information on Carrefour:
Carrefour is the largest chain of fast moving consumer goods in Europe and
second largest in the world after the U.S. based Wal-Mart. Carrefour has over
15,000 company-operated and franchised stores in 35 countries, Gross sales of
over 108 billion EUR and 490,000 employees.
Enquiries:
+--------------------------------------------+--------------+
| European Convergence Development Company | +44 (0)1624 |
| plc | 640200 |
+--------------------------------------------+--------------+
| Anderson Whamond | |
+--------------------------------------------+--------------+
| | |
+--------------------------------------------+--------------+
| Charlemagne Capital | +44 (0)207 |
| | 518 2100 |
+--------------------------------------------+--------------+
| Michael Russell / Christopher Fitzwilliam | |
| Lay | |
+--------------------------------------------+--------------+
| | |
+--------------------------------------------+--------------+
| Galileo Fund Services Limited | +44 (0)1624 |
| | 692600 |
+--------------------------------------------+--------------+
| Ian Dungate, Company Secretary | |
+--------------------------------------------+--------------+
| | |
+--------------------------------------------+--------------+
| Panmure Gordon & Co. Limited | 44 (0)20 |
| | 7459 3600 |
+--------------------------------------------+--------------+
| Hugh Morgan | |
+--------------------------------------------+--------------+
| Stuart Gledhill | |
+--------------------------------------------+--------------+
| | |
+--------------------------------------------+--------------+
| Smithfield Consultants | +44 (0)20 |
| | 7360 4900 |
+--------------------------------------------+--------------+
| John Kiely | |
+--------------------------------------------+--------------+
| Gemma Froggatt | |
+--------------------------------------------+--------------+
Website: www.europeanconvergencedevelopment.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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