Copenhagen Stock Exchange
26 March 2007
Announcement No. 02 - 2007
Lalandia Billund A/S
Lalandia Billund A/S, of which 75% is owned by PARKEN Sport & Entertainment
A/S, has during the weekend begun the sale of summer houses to private
investors. The result of this sales process is that now all of the 500
summerhouses originally on offer have been sold, Lalandia Billund has now
offered 219 houses more for sale. These houses have been reserved during the
weekend and it is expected that purchase agreements will be made for these
houses during the coming week. In total, up to 1500 summerhouses can be
constructed on the land acquired by Lalandia Billund A/S.
The total proceeds from the 500 houses are for over 900 million DKK and for the
719 houses over 1,3 billion DKK, with a profit in the area of a 3-figure
million DKK amount. The sales are taken into account when the houses are handed
over, which is planned to be in the period June 2008 until the end of 2009.
There is therefore no effect from these sales on the current years accounts.
Lalandia Billund, is in connection with the sales, committed to build an
in-doors leisure activities centre including an approx. 10.000 m2 water-park.
This investment, which is for over 450 million DKK, is expected to be
completed, in June 2009 at the latest.
PARKEN Sport & Entertainment A/S
Flemming Østergaard
Chairman
