The first transaction involving the rights of ERG Capital 3 REIT on the secondary market was made today. 10 rights were transferred at 3.15 leva.

Currently bids are at 2.22 leva and asks at 4.00 leva. The bourse code is R3ERGC.

The company increased capital from 14 mln leva ( 7.158 mln euros) to 21 mln leva (10.737 mln euros) by offering 700,000 shares with a face value of 10 leva and emisiion value of 20 leva.

The fund is planning to implement five new projects in the near future – these are Yavor, Zagora, Gerena, Sofia Ring and Burgas Retail projects. Currently the properties acquired by the fund are on a total area of 54,186 sqm and it is planning to purchase some 14,825 sqm in the next couple of years.

Bulgarian-American Investment Fund AD controls 70% of the fund's capital and Frank Bauer and Michael Hansberg have 7.86% and 7.50% respectively.