Kaufman & Broad SA
Kaufman & Broad SA: Sale-before-completion agreement for office space in
Paris
31-Jan-2020 / 20:44 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Press release
Paris, January 31, 2020
Sale-before-completion agreement for office space in Paris
Kaufman & Broad is pleased to announce that it has today signed a
sale-before-completion agreement with a top-tier property buyer pertaining
to around 50,000 sq.m of office space to be built as part of the
redevelopment project in the Austerlitz district of Paris.
Consequently, all of the surface areas included in this program being
developed by Kaufman & Broad under the Austerlitz project are now subject to
sales agreements with top-tier property buyers, either in the form of
sale-before-completion or property development contracts.
The relevant administrative approvals are being processed but are unlikely
to be definitively granted until 2021.
This press release is available at www.kaufmanbroad.fr [1]
- Next regular publication date:
- April 9, 2020: Q1 2020 results (after market close)
- May 5, 2020: Shareholders' Meeting
Contacts
Chief Financial Officer Press Relations
Bruno Coche
01 41 43 44 73
infos-invest@ketb.com
Media relations: Hopscotch Capital:
Violaine Danet
01 58 65 00 77 / k&b@hopscotchcapital.fr
Kaufman & Broad: Emmeline Cacitti
+33(0)6 72 42 66 24 / ecacitti@ketb.com
About Kaufman & Broad - Kaufman & Broad has been designing, developing,
building, and selling single-family homes in communities, apartments, and
offices on behalf of third parties for more than 50 years. Kaufman & Broad
is one of the leading French builder-developers due to the combination of
its size and profitability, and the strength of its brand.
The Kaufman & Broad Registration Document was filed with the French
Financial Markets Authority ("AMF") under No. D.19 0228 on March 29, 2019.
It is available on the AMF (www.amf-france.org [2]) and Kaufman & Broad
(www.kaufmanbroad.fr [1]) websites. It contains a detailed description of
Kaufman & Broad's business activities, results, and outlook, as well as the
associated risk factors. Kaufman & Broad specifically draws attention to the
risk factors set out in Chapter 1.2 of the Registration Document. The
occurrence of one or more of these risks might have a material adverse
impact on the Kaufman & Broad group's business activities, net assets,
financial position, results, and outlook, as well as on the price of Kaufman
& Broad's shares.
This press release does not amount to, and cannot be construed as amounting
to a public offering, a sale offer or a subscription offer, or as intended
to seek a purchase or subscription order in any country.
Regulatory filing PDF file
Document title: Sale-before-completion agreement for office space in Paris
Document: http://n.eqs.com/c/fncls.ssp?u=IPEGQMIRTR [3]
965475 31-Jan-2020 CET/CEST
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=b40f286580e5a3e4d565d58dfb24fd60&application_id=965475&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=ed80b2c1b904364f9fbd568bcbe0473b&application_id=965475&site_id=vwd&application_name=news
3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=457551630e94bbdf1d93fc0ef2886f3c&application_id=965475&site_id=vwd&application_name=news
(END) Dow Jones Newswires
January 31, 2020 14:44 ET (19:44 GMT)
