Business
DEFINITIVE AGREEMENT FOR THE SALE OF PLOT IN LODZ
DEFINITIVE AGREEMENT FOR THE SALE OF PLOT IN LODZ.
About this update from Plaza Centers N.v.
[{"type":"text","content":"\n \nRNS Number : 8881U Plaza Centers N.V. 02 April 2019 \n\n \nApril 02, 2019\n \nPLAZA CENTERS N.V.\nDEFINITIVE AGREEMENT FOR THE SALE OF A PLOT IN LODZ, POLAND\n \nPlaza 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 €1.15 million (less approximately €0.19 million invested by the Company in access road). \n \nUnder the terms of the Agreement, the Purchaser paid €0.76 million, and the remaining consideration (approximately €0.09 million) will be paid not later than April 30, 2019. €0.11 million has already been received as advanced payments. \n \n \nEnds\nFor further details, please contact:\n \n \nPlaza\nAvi Hakhamov, Acting CEO +36 1 6104523 \n \n \nNotes to Editors\nPlaza 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.\n\nThis 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 [email protected] or visit www.rns.com. END DISDMGGDDZDGLZM\n ","length":4125,"tagName":"div"}]