Black Sea Investment REIT Acquires 239 sq.m. of Land

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Blac Sea Investment REIT has sealed the deal and obtained titles for the purchase of a total of 239 000 sq.m. of third category arable land in the region of Dobrich, municipality of Kavarna, BSE Sofia announced.

141 294 sq.m. of the land is situated in the village of Haji Dimitar and 57 673 sq.m. in the village of Vidino. Also 16 402 sq.m. of land was acquired in the village of Rakovski and 19 950 sq.m. in the village of Seltse.

The company has also purchased a property of third category arable land in the village of Topoli, region of Varna on an area of 3 599 sq.m.

Black Sea Investment REIT reported profit in the amount of 19 000 leva for 2007 first quarter. The company’s core capital stands at 650 000 and its shared capital reaches 20.474 mln leva.

There has only been one transaction involving this company’s stock so far on the BSE - 250 000 lots were transferred at 2.55 leva/share on October 23.

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