The Management Board of POLNORD SA ("Company") - informs that on November 29, 2017 The company has concluded a conditional contract for the purchase of an undeveloped property with an area of 12,505.00 m2, located in Warsaw ("Real Property"). br> The property is located in the area of Admiralska Street and Czerwone Beretów. The company is planning to implement a development project on Nieruchomości, consisting in the construction of a complex of multi-family residential buildings with an underground garage and necessary infrastructure, with a usable area of about 10,000 m2, under which 213 residential premises and 228 parking spaces will be built. br> Estimated time for launching the investment - 4th quarter of 2018. br> Conclusion of the agreement transferring ownership will take place on condition that the President of the Capital City of Warsaw does not use it Of Warsaw with the pre-emption right of the Real Property, which the Company will inform in a separate current report. br> br> Legal basis: art. 17 sec. 1 of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of 16 April 2014 on market abuse (the Regulation on market abuse) and repealing Directive 2003/6 / EC, 2003/124 / EC, 2003 / 125 / EC and 2004/72 / EC. Br>
Source: company website, investor relations, current and periodic reports.