Brief: SPVs Controlled By BBI Development Sign Prelim. Deal To Sell Centrum Marszalkowska Project

Bbi Development SA

22/11/2018 10:29

Nov 22 (Reuters) - BBI DEVELOPMENT SA  BBD.WA :
    * SPVS CONTROLLED BY CO SIGN A PRELIM. DEAL TO SELL CENTRUM MARSZALKOWSKA
PROJECT
IN WARSAW
    * UNDER AGREEMENT PROJECT TO BE SOLD TO SPV OF LIEBRECHT & WOOD FOR EUR 29.5
MILLION PLUS VAT
    * PARTIES PLAN TO SIGN BINDING AGREEMENT IN FEB 2019 BUT NOT LATER THAN BY
END-MAY
2019
    * PRICE MIGHT BE ADJUSTED BY POTENTIAL LOANS TAKEN BY SPVS FROM FIRMS FROM
LIEBRECHT & WOOD GROUP IN AMOUNT BETWEEN 9 AND 12 MILLION EUROS
    * SPECIAL PURPOSE VEHICLES (SPVS) CONTROLLED BY CO ARE ZARZĄDZANIE SEZAM SP.
Z
O.O. NOWY SEZAM SP.K. AND REALTY 4 MANAGEMENT SP. Z O.O. JUVENES DEVELOPMENT 1
SP. K.  

Source text for Eikon:  ID:nEM5RlzgWa 
Further company coverage:  BBD.WA 

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