Unibail-Rodamco and ING Real Estate sign agreement regarding Zlote Tarasy (PL) (copy)

Unibail-Rodamco and ING Real Estate have reached an interim settlement regarding Zlote Tarasy in Warsaw, Poland.

Unibail-Rodamco will pre-pay ING Real Estate the estimated purchase price of approximately €190 million for 50% in Zlote Tarasy and will receive from ING Real Estate the net return as if Unibail-Rodamco would have been the legal owner as per the opening date of the shopping centre on 7 February 2007. Unibail-Rodamco expects ING Real Estate to transfer the 50% of the shares in Zlote Tarasy at the earliest opportunity.

Source: Unibail-Rodamco

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