Brief: Lamda Development Signs Preliminary Agreement For The Sale Of Divided Horizontal Properties In Ellinikon For EUR 31.0 Million

Lamda Development SA

15/10/2024 16:56

Oct 15 (Reuters) - Lamda Development SA  LMDr.AT :
    * SIGNS PRELIMINARY NOTARIAL FOR THE SALE OF DIVIDED
HORIZONTAL
PROPERTIES IN ELLINIKON WITH TRADE ESTATES REIC
    * TOTAL TRANSACTION CONSIDERATION AMOUNTS TO EUR 31.0
MILLION WITH
THE TOTAL ESTIMATED INVESTMENT FOR THE DEVELOPMENT AT EUR 75.0
MILLION
    * WITH THE SIGNING OF THE DEED EUR 4.5 MILLION WAS COLLECTED
WITH
75% OF THE TOTAL CONSIDERATION TO BE COLLECTED WITHIN 2025 AND
THE REMAINING AMOUNT UPON COMPLETION OF THE PROJECT


Further company coverage:  LMDr.AT 

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