Premier Fund Starts Construction Of a Residential Building In St. Konstantin and Elena Resort

On September 3 Premier Fund REIT () signed a contract for the construction of a residential building in the St Konstantin and Elena beach resort near Varna, on a total built-up area of 1,000 sq. m.

The owners of the parcel will receive 35% compensations, BSE reported.

The building will be situated near the local police station. The company's CEO Borislav Naydenov told that construction is expected to start before the next tourist season begins.

DF Status New Shares and Unishel control 15.29% and 7.31% of the capital, respectively, while Express Garansion and Siona have 7.62% and 6.65%. Other sharehoders are Sila (9.20%) and IPF Saglasie (6.15%).

The fund posted a negative financial result in the amount of 4,000 leva in H1.

1,000 shares have changed hands so far today on the BSE at 0.90 leva each.

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