Last checked at 7 Dec 2011 18:01
Date: | 7 December 2011 |
On behalf of: | Carpathian PLC ("Carpathian", the "Company" or the "Group") |
Immediate release |
Carpathian PLC
Completion of sale of the Babilonas Shopping Centre, Panevezys, Lithuania
Carpathian Plc (AIM: CPT), the commercial property investment company focused on retail properties within Central and Eastern Europe, announced on 1 December 2011 that a contract for the sale of the Babilonas Shopping Centre had been entered into, with completion expected on 7 December 2011.
The Company is pleased to confirm that completion occurred today.
-Ends-
Enquiries:
Carpathian PLC | |
Rory Macnamara, Non-executive Chairman | Via Redleaf Polhill |
CPT LLP | 020 7529 6413 |
Paul Rogers/Balazs Csepregi | ir@carpathianam.com |
Collins Stewart Europe Limited |
020 7523 8350 |
Bruce Garrow | |
Redleaf Polhill | 020 7566 6720 |
Henry Columbine / Luis Mackness | carpathian@redleafpolhill.com |
Notes to Editors:
- | Carpathian was created in 2005 for the purpose of investing in Central and Eastern European commercial real estate. |
- | Carpathian was admitted to trading on AIM in July 2005. |
- | CPT LLP is the Property Investment Adviser to Carpathian. CPT LLP owns 100% of Carpathian Asset Management Limited (CAM). CAM, which was previously owned 50% by the Company, became fully externalised when the Company and CPT LLP implemented the new portfolio management agreement on 1 March 2010. CAM, together with its parent undertaking, CPT LLP, is responsible for managing the remaining core portfolio of assets and transactions within Central and Eastern Europe. |