Author: Robert Gardziński
Source: Fotorzepa
Source: Parkiet
After nearly a year of negotiations, the company was sold to Union Square building in Warsaw. With transactions worth 266 million euro (part of the money will go to the partner), a developer can accelerate the implementation of new investments.
On Friday, the share price development company BBI gained up to 13 percent. It is the market’s reaction to the news of the sale of Union Square, an office and shopping in Warsaw, Lublin Union Square. The building of an SPV formed by the Group Liebrecht & amp; BBI Development wooD and Invesco Real Estate bought for 266 million euros. Of this amount, account BBI supplies at the conclusion of the transaction 100 million zł. Subsequent payments will be hit over the next three years in installments, depending on the commercialization of the office building and growing turnover of tenants, from which depend on rents for retail space. How much will end on account of the company? This Michał Skotnicki, president of BBI, does not want to give away.
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