The propertys is situated on an area of 2,840 sq m in Sofia’s Boyana residential quarter, Gardova Glava region, BSE reported.
Solid Invest REIT-Sofia has made an advance payment of 475,700 leva and within 30 days of signing the agreement 1,574,443.15 leva are to be paid via a 805,000 euro bank credit from Bulgarian Postbank AD.
The remaining 199,060.85 leva will be paid from the company’s own funds no later than 31 December 2007.
The VAT due on the sum will covered by the company using own funds. The properties mentioned above don’t have any burdens and are not involved in any legal disputes.
Solid Invest REIT increased its capital from 500,000 leva to 650,000 leva, but the issue has not been registered for trade on BSE-Sofia as yet.