Brief: Develia Unit Buys Real Estate In Warsaw For 34.5 Mln Zlotys

Develia SA

13/12/2023 07:26

Dec 13 (Reuters) - Develia SA  DVLP.WA :
    * SAID ON TUESDAY ITS UNIT DEVELIA WARSZAWA HAS ACQUIRED
RIGHT OF
PERPETUAL USUFRUCT (RPU) TO A REAL ESTATE IN WARSAW
    * THE NET PRICE OF SAID REAL ESTATE CAME AT 34.5 MILLION
ZLOTYS 
    * THE COMPANY INTENDS TO USE THE REAL ESTATE FOR INVESTMENT
PROJECT CONSISTING OF ABOUT 201 MULTI-FAMILY RESIDENTIAL UNITS
    * THE COMPANY PLANS TO START THE SALE PROCESS FOR SAID
PROJECT IN
Q2, 2024

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM71Y1sla
 Further company coverage:  DVLP.WA  

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