MURAPOL (37/2017) Conclusion of a significant agreement by a subsidiary

Legal attitude: Art. 17 para. 1 MAR - confidential information. The Management Board of the company under the name MURAPOL S.A. with its registered office in Bielsko-Biała ("Issuer"), hereby informs about the conclusion on August 10, 2017 by a subsidiary of the Issuer, ie a company under the name of Murapol Projekt 31 Limited Liability Company with registered office in Bielsko-Biała (KRS: 0000662868) ("Subsidiary"), with a natural person of a preliminary contract for the sale of real estate, based on which the Subsidiary undertook to purchase a property located in Warsaw at ul. Henryka Brodate with an area of ​​approximately 4.4 ha for PLN 45,773,800.00 net (forty five million seven hundred seventy three thousand eight hundred zlotys) increased by VAT - ("Real Estate" and "Contract" respectively). The conclusion of the Final Agreement was subject to the fulfillment of a number of conditions including, among others :
a) the transfer of proprietary copyrights and dependent rights to formal and legal documentation together with the transfer of decisions on development conditions and decisions on building permits covering the first stage of the investment na Nieruchomości; b) obtaining final and legally valid permits for the construction of a complex of multi-family housing buildings including installations, networks, connections and access to a public road, for the remaining two investment stages, acceptable by the subsidiary, c ) obtaining acceptable conditions for connection by the Subsidiary to the network for all 3 e taps of investments mentioned above, d) obtaining a decision on the exclusion of land from agricultural production and making appropriate changes to the land register. Other conditions of the Agreement do not differ from the commonly used conditions for this type of contracts. The subsidiary plans to implement a development project on Real Estate, including construction of approximately 569 residential premises, with a total usable area of ​​approx. 31,400 sq m.

Source: company website, investor relations, current and periodic reports.

Company information
Company name:

Copyright © 2017 PolandStockExchange
This website uses cookies (Regulations / Cookie Policy).