Final Agreement Värde Partners

Lamda Development S.A. (hereinafter referred to as “the Company”) following its prior announcement dated  03.04.2017,  wishes to further inform the investors that the prerequisites mentioned on the contractual documents relating mainly to bank approvals for the final agreement with Värde Partners (hereinafter referred to as “Värde”) have been fulfilled.   

In accordance with the agreement, Värde (through its wholly owned subsidiary Wert Blue SarL) paid the amount of 61.3 mil euro for the acquisition of 31.7% of LAMDA MALLS S.A. – which holds the shares of LAMDA Domi S.A. and Pylea S.A., owners of Golden Hall and Mediterranean Cosmos Shopping Centers – and is keen to further support the expansion of the new company through acquisitions and new commercial developments.

It is noted that Värde Partners, is a $12 billion global alternative investment firm that employs a credit-oriented, value-based approach to investing across a broad array of geographies, segments and asset types, including real estate, corporate credit, mortgages, specialty finance, transportation and infrastructure. The firm sponsors and manages a family of private investment funds with a global investor base that includes foundations and endowments, pension plans, insurance companies, other institutional investors and private clients. Now in its third decade, Värde employs 250 people with main offices in Minneapolis, London and Singapore and additional offices around the world.