The fund increased capital from 14 mln leva (7.158 mln euros) to 21 mln leva (10.737 mln euros) by issuing 700,000 shares with a face value of 10 leva.
ERG Capital 3 operates mainly on the market of commercial properties. The company's core activity is the construction, renting, and sale of properties in Bulgarian cities with a population of more than 250,000 people.
The company's aim is to develop the properties for commercial use i.e. to establish them as commercial centers, hypermarkets, warehouses, logistics centers and others, which it will rented out.
The company has acquired two real estate properties – Yavor project in Varna, and Zagora in Stara Zagora.