Quantuum Developments REIT Sofia has signed a contract for the purchase of two properties in Veliko Tarnovo. One is on an area of 2508 sq m, and the other on 1699 sq m, together with the buildings on it.

The company plans to build a commercial building on the site, which under the agreement, will later be rented to Peni Market Bulgaria Ltd Sofia.

The fund posted a loss in the amount of 8,000 leva in 1Q 2007, against a positive result at 6.575 mln leva a year ago.

The fund has a core capital in the amount of 650,000 leva, and shared capital at 7.208 mln leva. AC Carpet and Quantuum Investments control 52.5% and 47.5% of the capital respectively.

Quantuum Developments' shares were last traded on the BSE on December 16, 2005.