Europa Capital has entered into an agreement to acquire Mall of Sofia from GE Real Estate and Avestus Capital Partners. This is Europa Capital's second investment in Bulgaria this year and amounts to a transaction volume in excess of EUR 100 million mln.
Europa Capital has entered into an agreement to acquire Mall of Sofia from GE Real Estate and Avestus Capital Partners. This is Europa Capital's second investment in Bulgaria this year and amounts to a transaction volume in excess of EUR 100 million mln.
Mall of Sofia is a 23,600-m2 shopping centre with 10,400 m2 of offices above, located in the centre of the Bulgarian capital. The property was constructed in 2006 and the tenant mix includes Piccadilly,Cinema City, Technomarket and Intersport.
Irish real estate group Avestus Capital Partners will continue to manage the centre.The acquisition is to be financed by the existing lenders OTP Bank and DSK Bank.
CMS Cameron McKenna and CB Richard Ellis / MBL advised Europa Capital in the transaction.
A member of the Rockefeller Group, Europa Capital is a real estate fund management group operating from several offices across Europe. Since 1995, Europa Capital's principals have collectively raised six real estate funds and committed to over 70 transactions totalling some EUR 7 bn across 18 European countries.
