Sale of the Babilonas Shopping Centre, Lithuania

RNS Number : 5668T

Carpathian PLC

07 December 2011

 



Date:	7 December 2011
On behalf of:	Carpathian PLC ("Carpathian", the "Company" or the "Group")
Immediate release

Carpathian PLC

Completion of sale of the Babilonas Shopping Centre, Panevezys, Lithuania

Carpathian Plc (AIM: CPT), the commercial property investment company focused on retail properties within Central and Eastern Europe, announced on 1 December 2011 that a contract for the sale of the Babilonas Shopping Centre had been entered into, with completion expected on 7 December 2011.

The Company is pleased to confirm that completion occurred today.

-Ends-

Enquiries:

Carpathian PLC
Rory Macnamara, Non-executive Chairman	Via Redleaf Polhill
CPT LLP	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 was admitted to trading on AIM in July 2005.
-	CPT LLP is the Property Investment Adviser to Carpathian. CPT LLP owns 100% of Carpathian Asset Management Limited (CAM). CAM, which was previously owned 50% by the Company, became fully externalised when the Company and CPT LLP implemented the new portfolio management agreement on 1 March 2010. CAM, together with its parent undertaking, CPT LLP, is responsible for managing the remaining core portfolio of assets and transactions within Central and Eastern Europe.

 

END

 

 

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