September 7, 2006
Technopolis signs preliminary agreement on land area in St. Petersburg
Technopolis Plc's wholly-owned subsidiary, Technopolis St. Petersburg LLC, has signed a preliminary agreement to purchase 4.6 hectares of land in St. Petersburg in the vicinity of the Pulkovo Airport to be used for technology center operations. A technology center of an estimated 80,000 square meters can be built on this land. The final contract of sale is conditional on the due diligence assessments of the plot producing acceptable results. The due diligence assessments are expected to be completed within approximately one month.
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