Bulgaria Properties REIT Won 77.978 sqm Properties At An Auction

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Bulgaria Properties REIT won the negotiated bidding auction organized by the The State Receivables Collection Agency for parcels in Sofia, acquired by the state in the insolvency procedures of EliteBank AD and situated in Mladost 4 – the area of Kambanite, BSE reports.

The price offered by the company was 37 536 421 leva for the 77 978 sqm of the parcels.

Bulgaria Properties REIT is appointing a general meeting of shareholders June 25 to vote allocation of 2006 profit which is in the amount of 4 115 435.71 leva.

Shareholders will also vote a proposal for the dividend distribution of 443 395.12 leva ( 90% of the transformed profit) or 0.007 leva dividend per share.

The other 3 672 040.59 leva will remain as undistributed profit. 16,232 shares changed hands today at prices ranging between 1.59 and 1.645 leva per share.

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