The stock of Status Properties REIT-Sofia will be floated on the BSE on 18 June (Monday), the bourse reported.

The fund is increasing capital from 500,000 leva to 650,000 leva through the issuance of 150,000 shares with a face and issue value of 1.00 lev.

The first project the fund has to implement is the construction of a residential complex comprising apartments as well as office premises on a total buit-up area of up to 8,000 sqm. The project is expected to cost some 8.5 mln shares.

The project will be financed with funds raised via two capital increases – one in the end of 2007 and another in 2008.