The Management Board of CPD S.A. (hereinafter referred to as the 'Issuer') informs that on 29 January 2020 the Issuer's subsidiaries granted collateral for claims due to repayment of advances paid by UDI Ursus II limited liability company with its registered office in Warsaw, in connection with preliminary sale agreements for total amount of PLN 79,698,412, leading to the sale of the right to land property located in Warsaw in the Ursus district.
These security includes:
a contractual mortgage up to the amount of PLN 9,197,046.68 established by 12/132 Gaston Investments limited liability company sp.k. on perpetual usufruct of an undeveloped plot of land No. 132/2, located in Warsaw, described in land and mortgage registers No. WA5M / 00477860/2, kept by the District Court for Warsaw-Mokotów in Warsaw, XIII Land and Mortgage Register Department,
a contractual mortgage up to the amount of PLN 833 397.58 established by 13/155 Gaston Investments limited liability company sp.k. on perpetual usufruct of an undeveloped plot of land No. 158/2, located in Warsaw, described in land and mortgage register No. WA5M / 00477864/0, kept by the District Court for Warsaw-Mokotów in Warsaw, XIII Land and Mortgage Register Department,
a contractual mortgage up to the amount of PLN 3,107,072.74 established by 13/155 Gaston Investments limited liability company sp.k. on perpetual usufruct of built-up land plot no. 155/2, located in Warsaw, described in land and mortgage register no. WA5M / 00477861/9, kept by the District Court for Warsaw-Mokotów in Warsaw, 13th Land and Mortgage Register Department,
a contractual mortgage up to the amount of PLN 1,466,711.90 established by 13/155 Gaston Investments limited liability company sp.k. on perpetual usufruct of built-up land plot no. 147, located in Warsaw, described in land and mortgage register no. WA1M / 00338198/6, kept by the District Court for Warsaw-Mokotów in Warsaw, 13th Land and Mortgage Register Department,
a contractual mortgage up to the amount of PLN 1,334,453.50 established by 13/155 Gaston Investments limited liability company sp.k. on perpetual usufruct of an undeveloped plot of land No. 134, located in Warsaw, described in land and mortgage register No. WA1M / 00233102/1, kept by the District Court for Warsaw-Mokotów in Warsaw, 13th Land and Mortgage Register Department,
The Issuer will inform about the conclusion of final contracts performing the above-mentioned contracts in a separate current report.
Legal basis:
Article 17.1 MAR - Inside information
Signatures of persons representing the Issuer:
Elżbieta Wiczkowska, Member of the Board, 29 January2020
Iwona Makarewicz, Member of the Board, 29 January 2020
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CPD SA published this content on 29 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 January 2020 18:39:01 UTC
CPD SA, formerly Celtic Property Developments SA, is a Poland-based company that is active in the real estate sector. The Company with its subsidiaries concentrates on on development projects in the market segment of offices and apartments. Its activities include the purchase of lands, on which It constructs apartments or offices, the purchase of existing real properties with a potential for creation of additional value by change of their intended usage, improving of their standard or optimization of their area. The Company has offices in Warsaw, London, Milan and Budapest. It also possesses commercial and residential properties in Montenegro and Hungary. It operates through a number of subsidiaries and sub-subsidiaries, which are based in Sweden, Cyprus, the United Kingdom, Hungary, Italy and Poland.
CPD S.A. 
