Legal basis: Article 17 section 1 MAR – confidential information.
Subject: Closing a real estate purchase in Cracow agreement in the performance of preliminary agreement signed earlier
The management board of J.W. Construction Holding S.A. with its business seat in Ząbki, Poland, hereinafter referred to as the Company, hereby informs that in reference to the information provided earlier in the current report no. 35/2017 of July 25, 2017, the Company, on October 11, 2017, signed a final and binding agreement for the purchase of the real estate located in Cracow with Powszechna Kasa Oszczędności Bank Polski S.A. with its business seat in Warsaw as a seller, hereinafter referred to as the Bank. The subject of the purchase are units not secluded so far located in Cracow at Wielopole 19-21 street, Dietla 86, 88 i 90 street: one business unit with the area of 8.206.50 sq. m. and 10 living units with the total area of 520,70 sq. m. with the belonging cellars with an area of 95,65 sq. m. The units were described in detail in the current report no. 27/2017 of June 28, 2017. The total purchase price for all the units was PLN 44.100.000 net and was increased by a current VAT rate, which was PLN 406.182,01.
The reason for publishing this report is the significance of this event due to the type of conducted business activity on the part of the Company.