RomReal :Final pending Land Bank Sales Agreement concluded 31 March 2017
03 April 2017 - 8:01AM
On 2nd January 2017, RomReal announced two
conditional sales agreements totaling gross EUR 17.75m before
tax/sales commissions. Following the completion of the EUR 15.1m
Mamaia North sale on the 29 March 2017, the second pending Land
Bank sales Agreement, Morii Lake, was completed on Friday 31 March,
2017 for a gross amount of EUR 2.65m as previously agreed.
The total price for Mamaia North is set to
increase by another EUR 0.4m, if a RomReal subsidiary is to win an
on-going legal dispute with the local municipality regarding 1,453
sqm part of the plot.
For further information please contact:
Harris Palaondas
Investor Relations
investors@romreal.com
+40 731123037
This information is subject
to the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: RomReal via Globenewswire
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