RomReal has agreed to sell its remaining holding of farm land, totalling 864,534 sqm in the County of Constanta. The net price agreed is about EUR 605,000 , compared to the most recent  IFRS valuation of EUR 389,040 representing an IFRS premium of about 50 per cent. A non-refundable amount of EUR 105,043 has been paid by the buyer. Due to normal notice period rules for farmland, the final outstanding payment is expected to be concluded towards the end of the second quarter 2018.

The aforementioned transaction is another evidence of RomReal's high quality and attractive land bank. Over the last 12 months the Company has sold five large properties, all at or well above IFRS value.

For further information please contact

Harris Palaondas
Investor Relations
RomReal
investors@romreal.com

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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