BulLand Investments Buys a 1.425 Mln Leva Property

BulLand Investments REIT Sofia has acquired a 7,501 m2 land plot near the village of Ledenik, municipality of Veliko Tarnovo, which is an agricultural filed with recently changed status, with one side on the Sofia-Varna main road.
The buying price is 1.425 mln leva (VAT not included). An auto show room, which will later on be rented out, will be built on the plot.
The company currently owns 19 437.222 decare of land, the average area of land plots stands at 8.616 decare and the average category is 4.16 .
The fund's land portfolio consist of 2,256 plots, acquired at an average price of 192.45 leva/decare.
6,000 shares changed hands on the position today at an average of 1.25 leva.
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