The price agreed is 11 150 000 euros, VAT non included and it is to be paid in regular installments, the amount of which will depend on the stage of completion of the building.
The premises are on an area of 15 013 sqm and comprise show rooms, an underground parking, office space, and public conveniences.
Bulgaria Real Estate REIT won the sealed bid auction organized by The State Receivables Collection Agency for properties situated in Sofia, Mladost area, acquired by the government as a result of the insolvency procedures of ElitBank AD.
The Fund's bid was at 37 536 421 leva (19 192 067 euros) for an area of 77 978 sqm.
So far today 8797 shares have changed hands on the position at 1.64 leva/share.