Safe and Green Development Corporation Executes Contract to Sell St Mary’s Site for $1.35M
Safe and Green Development Corporation (SGD)
Company Research
Source: GlobeNewswire
MIAMI, Fla, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce that it has entered into an agreement to sell its St Mary's property to Pigmental Studios for $1.35 million. The St Mary’s property consists of approximately 29 acres zoned for a manufacturing facility. After discussions with the City & Pigmental Studios, the Company decided to sell the property to accommodate Pigmental Studios’ expansion in the area. The Company remains interested in the St Mary’s region and will remain active via its investment in the Cumberland Inlet Project. This pending sale of the St Mary’s property is a result of the Company’s previously announced plan to strategically monetize its real estate holdings by identifying markets where SG DevCo’s land may have increased in value. Moreover, this expected sale above the Company’s purchase price is demonstrative of the increase in value of the Company’s properti
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SGD
News
- Safe and Green Development Corporation to Acquire MyVonia, a Cutting-Edge AI AssetGlobeNewswire
- Safe and Green Development Corporation Expects to Close the Sale of St. Mary’s Site in May 2024GlobeNewswire
- Safe and Green Development Corporation Executes Contract to Sell Lago Vista SiteGlobeNewswire
- Safe and Green Development Corp Launches XENE Home AI PlatformGlobeNewswire
- Safe & Green Holdings Corp Provides Update on Its Audit and Planned 10-K Filing for the Year Ended December 31, 2023 [Yahoo! Finance]Yahoo! Finance
SGD
Sec Filings
- 5/6/24 - Form S-1/A
- 5/3/24 - Form S-1
- 5/3/24 - Form 8-K
- SGD's page on the SEC website