Brief: Dekpol Unit Signs Letter Of Intent For Sale Of Residential Real Estate

Dekpol SA

02/10/2020 06:59

Oct 2 (Reuters) - Dekpol SA  DEK.WA :
    * SAID ON THURSDAY THAT ITS UNIT DEKPOL DEWELOPER HAS SIGNED
LETTER OF INTENT WITH INSTITUTIONAL ENTITY FOR SALE OF
RESIDENTIAL REAL ESTATE WITH RIGHTS TO THE LAND PROPERTY
    * CONSTRUCTION WORKS ARE PLANNED TO START IN Q1 2021 AND TO
END IN
2023  
    * THE SELLING PRICE WAS SET AT ABOUT 20% OF THE GROUP'S
CONSOLIDATED REVENUE FOR 2019
    * BOTH PARTIES INTEND TO SIGN A PRELIMINARY SALES DEAL UNTIL
NOVEMBER 15    

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM4tWy05a
    
 Further company coverage:  DEK.WA  
   


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