Europa Capital has entered into an agreement to acquire Retail Park Plovdiv in Bulgaria from Landmark Property Management for around EUR 20 mln. The transaction - the first by Europa Capital in Bulgaria - was completed on behalf of the company's Europa Emerging Europe Fund.
Europa Capital has entered into an agreement to acquire Retail Park Plovdiv in Bulgaria from Landmark Property Management for around EUR 20 mln. The transaction - the first by Europa Capital in Bulgaria - was completed on behalf of the company's Europa Emerging Europe Fund.
Retail Park Plovdiv is a 25,000-m2 retail warehouse park located in Plovdiv, the second largest city in Bulgaria approximately 150 km south east of Sofia. The property has a quality tenant mix including Baumax, Deichman Shoes, DM pharmacy, Technomarket electronics and Sport Depot.
The asset will be managed by Alfa Property Management.
Europa Capital is a member of the Rockefeller Group (RGI). Since 1995, it has collectively raised six real estate funds and committed to over 70 transactions totalling some EUR 6.5 bn, across 17 European countries.
Europa Capital raised two new investment funds for European property investment in 2008 - Europa Fund III and Europa Emerging Europe, which invests in Eastern Europe. Together, these funds give Europa Capital EUR 895 mln of additional equity to invest.
