Brief: Develia Signs Annex To Joint Venture Deal For Housing Investment In Warsaw

Develia SA

29/04/2024 14:44

April 29 (Reuters) - Develia SA  DVLP.WA :
    * SIGNS ANNEX TO JOINT VENTURE DEAL WITH GRUPO LAR HOLDING
POLONIA
AND CGLS
    * UNDER ANNEX COMPANIES TO ESTABLISH SPV FOR MULTI-FAMILY
HOUSING
INVESTMENT FOR ABOUT 550-600 APARTMENTS IN WARSAW
    * TOTAL CAPITAL COMMITMENT OF COMPANY AND GRUPO LAR HOLDING
POLONIA AT 125.4 MILLION ZLOTYS
    * COMPANY TO COVER 80% OF CAPITAL COMMITMENT

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Further company coverage:  DVLP.WA 

 (Reporting by Gdansk Newsroom)
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