Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Greece's Bluehouse to Ink EUR 27 M Deal in Bulgaria
GREECE'S BLUEHOUSE TO INK EUR 27 M DEAL IN BULGARIA
Date: 06/09/2010
Source: novinite.com
Greece's Bluehouse to Ink EUR 27 M Deal in Bulgaria

Greek investment fund Bluehouse Capital is to acquire four properties of Sofia-based ERG Capital 1 and ERG Capital 2 REITs in a EUR 27 M deal, according to media reports.

Bluehouse Capital has already signed preliminary contracts with the two companies, majority-owned by the Bulgarian-American Enterprise Fund (BAEF), Dnevnik daily reported, citing insiders to the negotiations.

The Bulgarian subsidiary of real estate consultants Colliers International has been picked as consultant on the deal.

Last year Bluehouse Capital acquired for EUR 27.3 M the building complex Auto Union Centre, which is located in the Bulgarian capital of Sofia and houses an office complex with the same name.

The fund's portfolio in Bulgaria also features a residential project in Boyana, acquired from Equest Balkan Properties, and the Greenville Hotel in Sofia.

According to the preliminary accord, ERG Capital 1 will sell a store of hypermarket chain Praktiker for EUR 10 M along with a distribution centre of the cosmetics company Oriflame, tagged at EUR 8 M. Both are located in Sofia.

ERG Capital 2 envisages the sale of a Praktiker store for EUR 8 M and a Piccadili store for EUR 6.7 M, both located in the coastal city of Varna.

The preliminary contracts have been signed on August 31, it emerges from a statement of the seller to the stock exchange.


Topic: Investments



Featured District
KARDJALI DISTRICT AND CITY INFORMATIONKardjali
Invest Bulgaria Charts
Trade Balance of Bulgaria
Trade Balance of Bulgaria

See all charts
Did You Know?
Bulgarian Head Nod
Bulgarian Head Nod
When Bulgarians nod their heads up and down, they mean NO. When they move their heads from side to ... More

The municipality of Vidin is located in the northwestern part of the Danubian Plain. Its territory coincides with the Vidin Lowland, between the bend of the Danube at Vidin and the hills to the southwest.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2025 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


Лимузини под наем Electric and Hybrid Modules Repair SEO оптимизация Bulgaria Translation Bulgarian Agriculture
Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works,. Maintained by Website Maintenance, the kings of Website Migration. Supported by WorldStreet


Our Featured Members