Tigne Mall plc - Acquisition of Property

Wednesday, September 12th, 2018

On 11 September 2018, Tigne’ Mall plc announced that it entered into a preliminary agreement with MIDI plc for the acquisition of the temporary utile dominium of the remaining period related to the garage complex known as “T1 Car Park” located in Tigne’ Point. The car park comprises of 132 car spaces over three underground levels and the consideration to be paid by Tigne’ Mall to MIDI amounts to €4.6 million.

The promise of sale agreement is effective up to 30 November 2018. Upon completion of the acquisition of the temporary utile dominium, Tigne’ Mall will increase the number of car parking spaces to 355.

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