Conclusion of a material agreement
2009-06-09
The Management Board of LPP S.A. informs that today it received 10 agreements signed by the Lessor on 21 April 2009. The agreements were made by and between LPP S.A. and Inter Ikea Polska S.A., the Lessor. The agreements concern outlets in Port Łódź and Bulwary Poznańskie shopping centres.
In the outlets of about 5,4 thousand sq. m. in total floor area Reserved, Cropp, Reserved Kids and Esotiq clothing is to be sold.
The said agreements have been concluded for a period of 10 years on terms and conditions usually adopted for this type of agreements.
The total value of the agreements equals about PLN 68 m, which exceeds 10% of LPP S.A. equity capitals.
