Black Sea Property - Completion of Acquisition
RNS Number : 4980U
Black Sea Property PLC
24 October 2017
 

 

BLACK SEA PROPERTY PLC

("Black Sea Property" or the "Company")

 

Completion of Acquisition

 

Black Sea Property PLC, the Bulgarian real estate investment company, is pleased to announce that its fully owned subsidiary, BSPF Bulgaria EAD, has successfully completed the acquisition from UniCredit Bulbank AD of the office building at 1, Ivan Vazov Street (the "Building"), Sofia, (the "Acquisition"). As previously announced, the total consideration for the Acquisition is EUR 10,520,000.  The deposit paid of EUR 1,043,000 has now been returned to the Company.

 

Alex Borrelli, Chairman of Black Sea Property, stated, "Following re-listing, this acquisition of an iconic building in the heart of Sofia is the first step in the development of the Company with strong support from our major shareholders and new investors."

 

The Directors of the issuer accept responsibility for the contents of this announcement.

 

For further information, please visit www.blackseapropertyplc.com or contact the following:

 

 

BLACK SEA PROPERTY PLC

Alex Borrelli -  Chairman

 

+44(0) 774 702 0600

PETERHOUSE CORPORATE FINANCE LIMITED

NEX Corporate Adviser

Heena Karani, Fungai Ndoro and Duncan Vasey

+44 (0) 207 469 0930

 

 


This information is provided by RNS
The company news service from the
 
END
 
 
NEXFESFLLFWSEDS ]]>