January 2, 2017 / 7:13 AM / 8 months ago

BRIEF-RomReal: Two conditional sales agreements of EUR 17.8-18.2 million

Jan 2 (Reuters) - Romreal Ltd

* Announces conditional land bank sales agreements of 17.75 million euros ($18.67 million) to 18.15 million euros

* One of two remaining development projects in Bucharest, Morii Lake, is agreed to be sold for gross amount of 2.65 million euros

* Has agreed sale of Mamaia North Development Project in Constanta, totalling gross 15.1 million to 15.5 million euros

* Selling price for Mamaia North to increase to 15.5 million euros, if RomReal subsidiary is to win on-going legal dispute with local municipality regarding 1,453 square meter part of plot

* Total prices agreed after tax are around 20 pct above most recent independent IFRS valuation Source text for Eikon: Further company coverage: ($1 = 0.9505 euros) (Gdynia Newsroom)

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