real estate, financial services, infrastructure
News Kardan 25-9-2008


KARDAN REAL ESTATE SUBSIDIARY ANNOUNCES DISCUSSIONS ON SALE OF WARSAW SHOPPING CENTRE

Amsterdam, September 25, 2008 – International investment company Kardan N.V. (Kardan) announces that its real estate subsidiary Globe Trade Centre S.A. (GTC SA) has entered into discussions with Unibail Rodamco about the sale of GTC SA’s stake in Galeria Mokotów shopping centre (Galeria Mokotów) in Warsaw, Poland. This was announced in a press release by GTC SA today. GTC SA owns 50% of the shares of the owner of Galeria Mokotów (Rodamco CH1 Sp. z o.o.). Unibail Rodamco is the indirect owner of the other 50% of Rodamco CH1.


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