Tallinn, 2014-11-18 11:10 CET (GLOBE NEWSWIRE) --
AS Pro Kapital Grupp has on 18.11.2014 submited an offer to participate in the first round of the combined offer for the sale of „Kopli liinid“ development.
City of Tallinn is selling the „Kopli liinid“ development by the procedure of combined offer. The combined offer is a two-stage procedure. The first stage (qualification of tenderer) is public. The second stage is a tender with preliminary negotiations. Participants having made a tender conforming to the terms and conditions at the first stage are invited to the second stage.
In the first stage of the offer AS Pro Kapital Grupp submited the offer corresponding to the set sales conditions and the offer included the written consent to buy the development for at least the initial price totaling 1 500 000 euros, the obligation to develop the area´s infrastructure and the consent to ensure the safety of the area.
City of Tallinn has set criterias for participants to qualify for the tender. The results of qualifying to the criterias set by the city will be announced by the City of Tallinn in 3 (three) business days.
As per the terms and conditions of the offer AS Pro Kapital Grupp has the right to withdraw from the offer at any time prior to submiting the final offer.
Iveta Vanaga
Head of Investor Relations
Phone: +37129239064
E-mail: iveta@prokapital.lv