20th Mar 2012 13:12
Date: | 20 March 2012 |
On behalf of: | Carpathian PLC ("Carpathian", the "Company" ) |
For immediate release |
Carpathian PLC ("Carpathian" or the "Company")
Sale of Interest in the Galleria Shopping Centre, Riga completed
The Board of Carpathian PLC, the commercial property investment company formed to focus on retail properties within Central and Eastern Europe, announces the completion of the sale of its interest in the Galleria shopping centre in Riga, Latvia in line with the announcement made on 1 March 2012.
-Ends-
Enquiries:
Carpathian PLC | |
Rory Macnamara, Non-executive Chairman | Via Redleaf Polhill |
Carpathian Asset Management Ltd. | 020 7529 6413 |
Paul Rogers/Balazs Csepregi | |
Collins Stewart Europe Limited |
020 7523 8350 |
Bruce Garrow | |
Redleaf Polhill | 020 7566 6720 |
Henry Columbine / Luis Mackness |
Notes to Editors:
- | Carpathian was created in 2005 for the purpose of investing in Central and Eastern European commercial real estate. |
- | Carpathian's primary focus was on shopping centres, supermarkets and retail warehousing in Poland, Croatia, the Czech Republic, Hungary, Romania, Lithuania and Latvia. |
- | Carpathian was admitted to trading on AIM in July 2005. |
- | Carpathian Asset Management Ltd. ('CAM') is the Property Investment Adviser to Carpathian. CAM, which was previously owned as to 50% by the Company, became fully externalised when the Company and CPT LLP implemented the new portfolio management agreement on 1 March 2010. CAM is responsible for managing the remaining core portfolio of assets and transactions within Central and Eastern Europe. |
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