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The project of galeria Makrum has been sold

Makrum, Bydgoszcz

Staten Company, belonging to Makrum group, has signed a conditional share sale agreement for 100 percent of shares in Makrum Development for the total amount of EUR 25,000,000, stated Makrum in a report. Scala IRP Capital Partners is the buyer

The final sale agreement will be concluded no later than on 30 April this year. SCALA was set up in Luxembourg as a closed-end investment fund; it will be its second investment in Poland after the purchase of Galeria Narew in Łomża over a year ago.

"On the day of concluding the final share sale agreement, the buyer shall pay EUR 10,000,000, while for the remaining part of the transaction value in the amount of EUR 15,000,000 the seller will grant a lease with a repayment date until 30.06.2014," stated the announcement."The final value of the transaction will be defined on the day of executing the final share sale agreement on the basis of a calculation including net value of assets of MAKRUM Development Sp. z o.o. on the day of concluding the final share sale agreement and including the value of properties of MAKRUM Development Sp. z o.o. which totals EUR 25,000,000"

On 20 March, the building permit for Centrum Makrum became final. The centre is to be built by Kamienna and Sułkowskiego streets. Centrum Makrum is a multi-function retail and services scheme consisting of a hypermarket, DIY shop and a shopping arcade with a cinema multiplex with a regional catchment area. The scheduled date of centre's opening is Q4 2014.

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