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Developer earns EUR 68.5 million
Sagittarius Business House
Listed real estate developer Echo Investment concluded the final agreement to sell its project Sagittarius Business House in Wroclaw to fund W_HIH Immo Invest for EUR 68.51 million, Echo said in a market filing.
That agreement was concluded in performance of a preliminary purchase agreement, the filing specified.
Echo also expects to receive the retained payment of EUR 845,000 by the end of March 2019, after it removes the minor building defects and delivers the as-built documentation to the buyer, the company added.