Black Sea Property Plc
The Board will seek to invest in:
Distressed residential projects, primarily in the largest cities in Bulgaria, which are close to completion and capable of generating sales revenue within 12 months from the initial investment;
Commercial buildings, primarily in Sofia, with opportunities to improve occupancy;
Hotels and holiday homes with opportunities to improve operations and cost structure; and
Distressed companies and assets that need restructuring and further financing, capable of offering a high growth potential.
The targeted size of each individual investment is anticipated to be in the range 5-20 per cent of the overall funds under management. The Company intends to use gearing levels of up to 70 per cent loan to value when acquiring real estate assets.
| Symbol | Ccy Code | Bid | Ask | Mid | Previous Close | Volume | Last Traded |
|---|---|---|---|---|---|---|---|
| BSP | EUR | 0.002 | 0.003 | 0.0025 | 0.0025 | 2000000 | 13.10.21 |
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Address
Business Address
Black Sea Property Plc, 6th Floor, Victory House, Prospect Hill, Douglas, IM1 1EQ, Isle of Man.
Phone: +44 (0)1624 681250
Registered Address
6th Floor, Victory House, Prospect Hill, Douglas, IM1 1EQ, Isle of Man.
Contacts
Corporate Adviser
Peterhouse Capital Ltd, 3rd Floor, 80 Cheapside, London, United Kingdom.
Email: info@pcorpfin.com
Phone: +44 (0)20 7469 0930
Registrar
Share Registrars Ltd, The Courtyard, 17 West Street, Farnham, Surrey, GU9 7DR, United Kingdom.
Email: enquiries@shareregistrars.uk.com
Phone: 01252 821390
Research
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