Save! +

Remove!

December 16, 2016 / 15:38

33/2016 The conclusion of preliminary contract of sale of perpetual usufruct for a property in Warsaw

Regulatory filing

The Management Board of Agora SA with its registered seat in Warsaw ("the Company") hereby informs that on the 16 of December, 2016 the Company signed a preliminary agreement for the sale of perpetual usufruct rights to undeveloped plot of land with a total area of 6,270 square meters in Czerniakowska Street 85/87, Warsaw ("the Property" and "the Preliminary Agreement", respectively).

The preliminary agreement requires the Company to conclude the promised conditional agreement of sale of the Property by the 31st of October, 2017 ("the Conditional Agreement").

The Conditional Agreement shall be commercial in nature with binding effects, concluded under the condition that the Mayor of Warsaw shall not use the pre-emption right to the Property ("the Condition"). In the case of fulfillment of the Condition, an agreement disposing of the Property shall be concluded by the Company.

The Preliminary Agreement established for the parties a contractual right to withdraw in the cases referred to in the Preliminary Agreement (including the right to withdraw by the buyer in the event of changes in the legal or factual state of the Property).

The total net selling price of the Property amounted to PLN 19.0 million, and the positive influence of this transaction on the Company's and Agora Group's operating result (EBIT) in 2017 shall amount to ca. PLN 8.3 million.

Go back

Breaking news

Contact us

Phone: 22 555 60 00

Phone: 22 555 60 01

press@agora.pl

Info box

Quotations

AGO

11,38 zł

-0,7%

Download

Company data

33/2016 The conclusion of preliminary contract of sale of perpetual usufruct for a property in Warsaw

NEWSLETTER