A closed mixed auction was held on the Bulgarian Stock Exchange on September 5, in which 150,000 rights from the initial capital increase were offered. 149,949 of them (99.97%) changed hands in 12 transactions.
The minimum price per day was 107 leva and the maximum was 113 leva, which means the company will raise some 17 mln leva (8.691 mln euros) from their placement.
The deadline for subscription of shares from the capital increase is 10 October 2007.
Singular REIT plans to invest the funds primarily in the market segments of commercial real estate, hotel properties, residential buildings, and agricultural land.
The REIT was founded by Singular Asset Management AD Varna, which controls 70% of the capital and Corporate Commercial Bank AD with 30% of the capital.