BulLand Investments Sells 473 decare of Land at a Profit of 88%

On December 27, Bulland Investments REIT sold 107 non-consolidated plots of arable land in the region of Tvarditsa, near Sliven. The properties, covering a total of 473 decare, were sold at 300 leva/decare.
The properties had been acquired two years ago at 159.56 leva/decare (adjusted for all acquisition costs), which means that the company's profit stands at 88%.
The company currently controls a total of 20,310 decare of arable land, the average size per property is 8,337 decare, and the average category of all plots - 4.19.
BulLand has 2,436 properties acquired at an average of 189.63 leva/decare.
500 shaes changed hands early this morning at 1.23 leva/share.
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