investor relations
Subject: Conclusion of a preliminary real estate sales agreement.
Legal basis: Article 17 section 1 of MAR – confidential information
Content of the report:
The Management Board of J.W. Construction Holding S.A. with registered office in Ząbki ("Company") informs that on 2 June 2020 it concluded a preliminary contract of sale and a preliminary contract for conditional sale with 7R Projekt 36 Spółka z o.o. with registered office in Kraków ("Buyer") concerning real estate remaining in perpetual usufruct of the Company located in Szczecin in the area of Franciszka Ksawerego Druckiego- Lubeckiego Street ("Contract") comprising plots:
Numbered: 10/1, 11/1, 12/1 from section 101, No 10 from section 19, No 11 from section 326201_1.3019 and No 9/2 from section 97 with a total area of 3.7983 ha ("Real Estate 1") for the amount of 7.976.420,00 PLN net plus VAT at the applicable rate
Numbered: 8/5, 8/6 and 8/7 from section 3019 with a total area of 9.4586 ha ("Real Estate 2") for the amount of PLN 19,863,060.00 net plus VAT at the applicable rate.
The total sale price of Real Estate 1 and Real Estate 2 is PLN 27,839,480.00 net and shall be increased by VAT at the applicable rate.
The condition for concluding final sale agreements for Real Estate 1 and Real Estate 2 is that the Buyer conducts a legal and technical examination by 31 August 2020, the result of which will be satisfactory for the Buyer with respect to the possibility of implementing the investment of building a warehouse and logistics park together with the technical infrastructure and that the City of Szczecin does not exercise its pre-emptive right in relation to Real Estate 1.
The deadline for concluding the final sales contract was set for 30 October 2020.
In the final sale agreement, the Company shall transfer, as part of the sale price, all rights under the obtained administrative decisions issued under the procedure of obtaining a building permit and documentation related to the prepared warehouse and logistics investment project to Real Estate1 and Real Estate 2 onto the Buyer.