Subject: Termination of the 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 its registered office in Ząbki ("Company"), with reference to the information provided on 30 July 2020 in the current report 61/2020 on the conclusion of the preliminary agreement for the sale of real estate ("Agreement") owned by the Company located in Warsaw at 10 Antoniewska Street, which is a plot of land numbered 16/1 from the area 1-05-07 of 1.5763 ha ("Real Estate") for the amount of PLN 17.000,000.00 PLN net plus VAT at the applicable rate, informs that the Buyer has not paid the amount constituting 10 % of the sale price within the period indicated in the Agreement, which resulted in its termination. The parties remain in contact regarding possibility of carrying out the transaction in the future.
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