Related Party Transaction • Jul 19, 2018
Related Party Transaction
Open in ViewerOpens in native device viewer
RomReal : Final Bucharest property sold
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
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.