DeZwarteRidder schreef op 7 februari 2021 16:31:
KARDAN LAND SELLS BUILDING C3 OF EUROPARK DALIAN PROJECT
Amsterdam, February 3, 2021, Kardan N.V. (‘Kardan’ or ‘the Company’), active in Real Estate and Water Infrastructure, announces that its indirect subsidiary Kardan Land Dalian Ltd. (‘Kardan Dalian’), a 100% subsidiary of Kardan Land China Ltd. (‘KLC’) has signed today a binding agreement to sell building C3 of the Europark Dalian project. Kardan Dalian owns the Europark Dalian project which includes residential buildings, office towers, apartment hotel and a shopping mall. According to the agreement, Kardan Dalian will sell buildingC3, which includes approximately 1,200 sqm of commercial space as well as a permit for the use of 4 parking spaces, in consideration for a total of RMB 31 million (approximately €3.98 million).Delivery of the building is expected to take place no later than April 2021, after receiving the full approvals for the completion of the building.In accordance with the provisions of the agreement, Kardan Dalian received the full considerationprior to sign-off . The proceeds from the sale are expected to be used to repay part of the Europark Dalian project loan(see announcement dated 29 September 2020). According to KLC,
the sale is expected to result in a profit estimated at approximately €0.4 million.