Bulgaria Real Estate REIT Finds a Buyer For Kambanite Business Center

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Bulgaria Real Estate REIT Finds a Buyer For Kambanite Business Center

Bulgaria Real Estate REIT ()  has signed a preliminary agreement with Navigator Business Center EOOD for the sale of a parking lot and the office space area of Kambanite Business Center, the fund announced in a corporate notice to BSE.

The agreed price is 20,900,000 euros (VAT not included), which will be paid in installments, the size of which will depend on the building's stage of completion. The sum reaches 25.08 mln euros VAT included.

The total area of the properties subject to the agreement stands at 15,809 m2, which makes 1.586 euros/m2.

With this agreement the fund has now sold 100% of the properties, with the total price coming to 32,050,000 euros. Construction is scheduled to end by the end of the year.

No shares of Bulgaria Real Estate REIT have changed hands so far today on BSE. 4,727 were transferred yesterday at an average of 1.9 leva/share.

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