Golden Square Shopping Mall Construction Incident (1250R)
31 10월 2011 - 4:01PM
UK Regulatory
TIDMSQB
RNS Number : 1250R
Squarestone Brasil Limited
31 October 2011
31 October 2011
SQUARESTONE BRASIL LIMITED
("Squarestone Brasil", the "Company" or "the Group")
GOLDEN SQUARE SHOPPING MALL CONTRUCTION INCIDENT
Squarestone Brasil Limited (AIM: SQB.L; SQBW.L), the
Anglo-Brazilian real estate and investment group, announces that
following a significant structural failure of a substantial part of
the pre-cast concrete frame of the new extension at its Golden
Square shopping mall development in Greater Sao Paulo, Brazil this
weekend it expects a delay in completion of the project. An
adjacent property was also affected.
Preliminary investigations by the Company indicate that no one
was present at either of the properties affected and therefore no
one is believed to have been hurt. The cause of the collapse is not
yet known.
The Company has contacted its own insurers and will be working
with them and the contractor on site to remediate the situation and
to carry out a thorough investigation.
The Company will update the market further in due course as the
reasons for this setback are identified and the effects on the
development plan are clarified.
For further information contact:
Squarestone Brasil Tel: +44 (0) 20 7074 1800
Robert Sloss, interim Joint Email: squarestone@kreabgavinanderson.com
CEO
Tim Barlow, interim Joint
CEO
Liberum Capital (Nominated Tel: +44 (0) 20 3100 2000
Adviser and Broker)
Chris Bowman
Christopher Britton
Kreab Gavin Anderson (PR Adviser) Tel: +44 (0) 20 7074 1800
James Benjamin Email: squarestone@kreabgavinanderson.com
Natalie Biasin
Notes to Editors
Squarestone Brasil Limited (AIM: SQB.L, SQBW.L) is an
Anglo-Brazilian real estate investment and development company
specialising in the Brazilian shopping mall sector. The Company
combines local real estate market knowledge with international
expertise in retailing, construction and development and is focused
on introducing to the Brazil shopping mall sector international
standards in terms of design, construction, operation and asset
management.
Squarestone Brasil Limited is a Guernsey registered and
domiciled company with an operational subsidiary in Sao Paulo. Its
Ordinary Shares and Warrants are traded on AIM where it was
admitted to trading in April 2010. The business carried on by
Squarestone Brasil was co-founded in 2007 by Tim Barlow, Robert
Sloss and James Morse.
Further information on Squarestone Brasil is available from the
Company's website: www.squarestone.com.br
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCKMMFGVMZGMZG
Squarestone (LSE:SQB)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Squarestone (LSE:SQB)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024