POLNORD SA (52/2017) Conclusion of a conditional purchase contract for real estate located in Warsaw

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"). 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. Estimated time for launching the investment - 4th quarter of 2018. 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. 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.

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

Company information
Company name:Polnord SA
Adress: ul. Adama Branickiego 15 02-972 Warszawa
Phone:+48 22 3519600

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