CFI HOLDING S.A.: Subsidiary Enters into a Significant Property Sale Agreement
The Management Board of CFI Holding S.A., headquartered in Wrocław (hereinafter also referred to as the “Issuer” or the “Company”), announces that on July 23, 2025, the Issuer’s subsidiary, Central Fund of Immovables Sp. z o.o., entered into a preliminary sale agreement before a notary public in Łódź with a Polish-based third party not affiliated with the Issuer. The agreement concerns the sale of a property located at 103 Grunwaldzka Avenue in Gdańsk, registered under land and mortgage register number KW GD1G/00074455/6.
Under the terms of the preliminary agreement, the Issuer’s subsidiary—acting on the basis of a cooperation agreement with a brokerage/advisory firm—committed to selling the above-mentioned property free of any encumbrances as of the transaction date. The agreed purchase price is PLN 40,000,000.00, exempt from VAT. The final sale agreement is scheduled to be executed by October 31, 2025, with an option for either party to extend the deadline until January 15, 2026.
A key condition precedent for the buyer is the removal of an existing mortgage in favor of a bank, currently recorded in Section IV of the property’s land and mortgage register. This must be completed prior to the execution of the final agreement.
Following satisfaction of this condition, the buyer will pay the purchase price using a combination of own funds and external financing (loan or other form of funding). The financing entity will be granted a first-ranking mortgage over the property at the time of the final agreement. The property will be handed over to the buyer upon full payment of the purchase price to the Issuer’s subsidiary.
All other terms of the preliminary agreement are consistent with standard market practice for this type of transaction.
In connection with this transaction, the Issuer’s subsidiary engaged the services of external advisors and service providers specialized in real estate transactions.
