Sale of World Fashion Centre in Amsterdam under way
Sale of World Fashion Centre in Amsterdam under way Drott has reached an agreement that provides a private consortium of Dutch investors with the right to aquire the World Fashion Centre in Amsterdam during February 2000 at the latest, at a price that will be higher than the property's book value in Drott's accounts. The sale will be effected by Drott transferring to the purchaser an option to acquire shares in the company that owns the World Fashion Centre. The consortium has payed SEK 78 million for the option. The sales price for the company entails that the properties are valued at a