The management board of Globe Trade Centre S.A. (the “GTC”) informs that GTC’s subsidiary sold the Kazimierz Office Center project in Krakow.
In execution of the preliminary sale agreement signed between GTC GK Office Sp. z o.o. (“Seller”) and Kazimierz Office Center Sp. z o.o. (a subsidiary of a fund managed by GLL Real Estate Partners) (“Purchaser”) on 31 March 2015, as reported in current report no. 9/2015, on 29 May 2015 the Seller and the Buyer signed final sale agreement selling real estate that includes office building of Kazimierz Office Centre in Krakow (“Property”) ( “Agreement”).
The net price for the Property and other rights and movable assets under the Agreement is EUR 42,000,000 (forty-two million euros), which as at the date of this current report, according to the average EUR/PLN exchange rate announced by the National Bank of Poland amounts to PLN 173,959,800 (one hundred and seventy-three million, nine hundred and fifty-nine thousand and eight hundred zlotys).
There are no relations between the Company and the persons managing or supervising the Company and the Purchaser and persons managing the Purchaser and the Seller and the persons managing the Seller, except for the relations resulting from the Agreement.
Legal basis: § 5.1.1 and 5.1.3 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodical disclosure by issuers of securities and conditions for recognising as equivalent the information that is required by the laws of a non-member state.
