Sale of Interest in Galleria Shopping Centre, Riga

RNS Number : 7064Z

Carpathian PLC

20 March 2012

 



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	[e-mail]
Collins Stewart Europe Limited	020 7523 8350
Bruce Garrow
Redleaf Polhill	020 7566 6720
Henry Columbine / Luis Mackness	[e-mail]

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.

 

END

 

 

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