The Management Board of JHM DEVELOPMENT S.A. with headquarters in Skierniewice, acting pursuant to Art. 17 par. 1 of the Regulation MAR informs that the Company has acquired the right of perpetual usufruct of real estate located in Bydgoszcz at ul. Bohaterów Kragujewca, with a total area of 4,137 sq m, based on a transfer agreement concluded on 26.07.2018.
The purchase price of the property was PLN 6,150 thousand PLN gross.
On the property, the Issuer plans to implement a development project in the form of a multi-family building with an underground garage.
The detailed terms and conditions of the above contract do not differ from those commonly used in this type of contracts.
Information on signing the contract has been classified by the Issuer as confidential information, as defined in art. 7 of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of 16 April 2014 on market abuse and repealing Directives 2003/124 / EC, 2003/125 / EC and 2004/72 / EC (OJ. UE L 173 of 12/06/2014, hereinafter "MAR"), due to its importance for the Issuer.
Source: company website, investor relations, current and periodic reports.