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Date:
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7 December 2011
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On behalf of:
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Carpathian PLC ("Carpathian", the "Company" or the "Group")
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Immediate release
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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:
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Carpathian PLC
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Rory Macnamara, Non-executive Chairman
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Via Redleaf Polhill
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CPT LLP
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020 7529 6413
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Paul Rogers/Balazs Csepregi
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ir@carpathianam.com
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Collins Stewart Europe Limited
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020 7523 8350
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Bruce Garrow
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Redleaf Polhill
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020 7566 6720
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Henry Columbine / Luis Mackness
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carpathian@redleafpolhill.com
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Notes to Editors:
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Carpathian was created in 2005 for the purpose of investing in Central and Eastern European commercial real estate.
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Carpathian was admitted to trading on AIM in July 2005.
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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.
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