Brief: QRF Announces Redevelopment Of Century Center

Qrf NV

26/06/2019 07:45

June 26 (Reuters) - QRF COMM. VA  QRF.BR :
    * QRF - REDEVELOPMENT CENTURY CENTER
    * QRF WILL AS A CONSEQUENCE OF THIS AGREEMENT RECEIVE, AFTER
CONTRIBUTION, 30% SHAREHOLDINGS IN JOINT VENTURE COMPANIES
(VALUED AT MEUR 19.2) AS WELL AS A CASH PAYMENT OF MEUR 7.6.
    * PARTIES AIM FOR A CONTRIBUTION IN SECOND HALF OF 2020,
DEPENDING
ON OBTAINING NECESSARY URBAN DEVELOPMENT PERMITS
    * DURING PERIOD UP TO CONTRIBUTION, QRF RETAINS RENTAL
INCOME ON
ITS PROPERTY COMPONENTS
    * TRANSACTIONS ARE VALUED AT CURRENT FAIR VALUE
    * PART OF CENTURY CENTER OWNED BY QRF IS VALUED AT MEUR
26.81,
REPRESENTING 9.2% OF QRF'S TOTAL REAL ESTATE PORTFOLIO

Source text for Eikon:  ID:nNDL86ztvS 
Further company coverage:  QRF.BR 

 (Gdynia Newsroom)
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