Prime Property BG REIT Acquires 4000 sqm in the Area of Ribaritsa

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Towards the end of last month Prime Property BG REIT purchased and obtained notary titles for a property on an area of 4,000 sqm. The parcel consists of several land plots in the area of Ribaritsa, the region of Lozenets, Tsarevo municipality, BSE-Sofia reported.

The comapany intends to build a vacation village on the parcel.

Prime Property REIT paid a total of 7.749 mln leva for the properties it acquired in Sofia, Vazrajdane area, on Pirotska Street 104 – these are regulated land property number XVI – 309, Zone B-4 together with three interconnected buildings – Block A and B on a total built-up area of 1,657.59 sqm and block C wih a total built-up area of 971.90 sqm.

The fund told BSE that the building will comprise apartments, commercial premises and underground garages.

Prime Property posted a loss in the amount of 75,000 leva. The fund's revenues stand at 467,000 leva. Its core capital is 35.7 mln leva and its shared capital stands at 58.65 mln leva.

The last transaction on the BSE involving the stock of this company was made on June 5 at 1.40 leva per share.

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