Legal basis: Article 17section 1 of the Polish Market Abuse Act – sensitive information
Report subject: Entering real estate ownership title and mortgage to the benefit of Hanza Invest S.A..
The management board of J.W. Construction Holding S.A. with its business seat in Ząbki near Warsaw, Poland (hereinafter referred to as “Company”) with reference to the current report 28/2017 of June 29, 2017 informs that on July 24, 2017 was informed that the District Court Szczecin – Prawobrzeże i Zachód in Szczecin, Poland, X Division of Land and Mortgage Register on July 24, 2017 entered a legal ownership title for the land plots 22/3 and 22/2 (herinafter referred to as “Real Estate) in the mortgage register SZ1S/00082676/9 to the benefit of Hanza Invest S.A. with its business set in Ząbki Poland being a subsidiary of Company that holds 100% of the Hanza Invest S.A. shares.
At the moment of entering the ownership title to the real estate, a contractual mortgage to the sum of PLN 212.684.568 to the benefit of Alior Bank S.A. with its business seat in Warsaw as a collateral for the loans granted to Hanza Invest S.A. with the total amount of PLN 141.789.712. Company informed about entering into credit agreements in the current report 7/2017 of February 10,2017.
On Real Esate, Hanza Invest S.A. carries out an investment consisting in the construction of a 30-story building with the apartment useable area almost equal to 22,000 sq. m. and a commercial area of almost 11,000 sq. m.
The planned deadline of finishing the realization of the investment is Q2 of 2019.
The basis for providing this report is the significance of an occurrence due to the Company business activity.