Sale of Apollo Heights land in Cyprus
Contracts signed for sale of Cyprus land plots for €7.5m, exceeding net asset value of €5.6m.
- Sale price €7.5 million
- Current Net Asset Value €5.6 million
- Cash received on signing 30% of sale price
- Number of land plots 27
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Further to the announcement released on 30th April 2025, the Directors of the Company are pleased to announce that Contracts of Sale have now been signed for the sale of the 27 land plots owned by the Company at Apollo Heights in Paramali, Cyprus for an agreed price of €7.5 million versus a current Net Asset Value of €5.6 million. The Company has now received cash representing 30% of the total sale price from the purchaser upon signing with the balance to be paid when the sale transactions complete, which is expected to take up to three months. The Company will announce updates to this sale in due course.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.