The Auction for Rights of City Properties REIT Scheduled January 16

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The Auction for Rights of City Properties REIT Scheduled January 16

150,000 rights issued in the initial capital increase of City Properties REIT will be offered at an auction on BSE on January 16, the bourse announces.

Secondary trade with the rights will start the same day and will continue through January 29. the bousre code assigned to the issue is R1CITIP for the initial market and R2CITIP for secondary trade.

The deadline for subscription of shares from the capital increase is February 22.

The bourse member responsible for the procedures if IP TBI Invest, and the bank account will be opened with CB Raiffeissen Bulgaria Bank.

The company was founded by Transstroy Burgas (70%), and by mutual funds TBI Dynamic (15%) and TBI Harmony (15%).

City Properties REIT will be investing on residential, commercial and industrial properties, as well as in agricultural land and office space.

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