RomReal : Final Bucharest property sold
July 19 2018 - 3:26PM
RomReal's final property in Bucharest the
"Alexandriei plot" (13,263 sqm), has recently been sold by its
subsidiary company WESTHOUSE GROUP for the total gross amount of
EUR 1,850,000 to be paid in instalments. An initial installment of
EUR 500,000 EUR is already received and a seller's credit for the
rest, EUR 1,200,000 is to be paid in one year. This sellers credit
is to be serviced in monthly equal instalments plus interest and
the remaining EUR 150,000 to be paid after 37 months. Upto
the final installment, WESTHOUSE GROUP retains 1st priority in the
property.
The last evaluation prepared by Knight Frank
Advisors by end December 2017 showed a total value of 875,000 EUR,
and the Company is satisfied with the price obtained.
For further information please contact:
Harris Palaondas
Investor Relations
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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