The Management Board of Vantage Development S.A. ("Issuer") in reference to Current Report No. 60/2017 of November 6, 2017, informs that on January 17, 2019, a subsidiary of the Issuer - VD limited liability company Mieszkania XX sp. K. With its registered office in Wrocław ( The "buyer" concluded with the natural persons a contract for the transfer of ownership of the developed real estate, located at ul. Buforowa in Wrocław, with an area of 0.7758 ha ("Real Property"), for a total price of PLN 7.05 million.
The Buyer has indicated that it waives the condition precedent contained in the preliminary conditional purchase agreement of the Real Estate, which consists in obtaining a valid building permit.
The property will be allocated for the implementation of the development investment and will allow the construction of approximately 150 residential premises.
Source: company website, investor relations, current and periodic reports.