Bulland Investments REIT Buys a 244,000 Euros Land Plot

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Bulland Investments REIT Buys a 244,000 Euros Land Plot

On February 20 Bulland Investments REIT () acquired 2 decares of agricultural land worth 144,000 euros, the company said. The plot is situated near the Obelya area in Sofia next to three properties the company already owns in the area.

The total area of the company's parcels there now stands at 7.693 decates. The aim is to consolidate the land plots, change the land statute and use it for the site of future construction projects.

Yestrday BulLand Investments REIT bought a 120,000 euros regulated land plot near the town of Bojurishte. The plot's area is 2 decares and is situated next to a Citroen show room on the main road Sofia- Kalotina. The company made the purchase with the aim of using the plot for financial leasing.

The company currently owns a total of 2,261 plots with an area of 19493.513 decares. The average acquisition price stands at 176.77 leva.

The last transaction involving the REIT's shares on BSE was made 19 February when 4,500 shares changed hands at an average of 1.25 leva.

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