Super Borovets REIT Buys Property In Pleven

On July 9 Super Borovets Property REIT won an auction organized by The Municipality of Pleven for the purchase of a property on an area of 40 505 sq m and the buildings on it, BSE reports.

The property is in Pleven, Trakiiski Orman area and its price is 250,000 leva (127,823 euros).

We remind that Super Borovets Property REIT has a ppointed a general meeting of shareholders August 8 to vote a proposal for distribution of 12.283 leva gross dividend per share.

The total amount to be paid out as dividend stands at 7 983 924.47 leva (4 082 115 euros), or 90% of 2006 profit.

In April Super Borovets REIT sold land property in Samokov on an area of 56,100 sq m, together with the buildings on it, for 5.049 mln euros (2.581 mln euros). The fund had bought the property in mid-2006 for 550,000 leva (281,210 euros) which formed the company's profit for the year.

Super Borovets' shares were last traded January 23 at 15 leva/share.

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