Related Party Transaction • Aug 5, 2025
Related Party Transaction
Open in ViewerOpens in native device viewer

Further to the announcement dated August 4, 2025, by Pandora Investments Public Ltd, it is hereby announced that the sale of the units of the Oceanus office building was carried out in the ordinary course of business (real estate development and sales) by Ergomakers Ltd. According to the sale agreements 41% of the total consideration has been paid in stages, while the remaining amount will be paid in stages based on the progress of construction works.
The transactions were done on a purely commercial basis. The income and profit will be recognized by Ergomakers Ltd (and consequently by its parent company, Pandora Investments Public Ltd) in accordance with International Financial Reporting Standards (IFRS) upon delivery of the building, based on the final completion and delivery method, taking into account the terms of the sale agreements. Delivery of the building is expected to take place within 2028.
Stavros Leptos Secretary
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.