BenchMark Fund Estates acquired the shopping centre for 3.25 million euro. Local property investment trust BenchMark Fund Estates sold one more retail unit in the company-owned shopping center in Plovdiv for 1.2 million euro, excluding VAT.
This is the sixth outlet in the centre with a new owner. The Retail centre was put up for sale in early 2007.
The REIT has already sold 4 390 sq m of the centre's retail floor area and another 1 758 sq m are still awaiting purchase, said Veselin Genchev, the executive director. After its sale, the retail space in the complex is expected to deliver 9.7 million leva in revenues (without taxes). BenchMark Fund Estates acquired the shopping centre for 3.25 million euro.
The company's portfolio includes office buildings on Sofia's Rakovski and Tsarigradsko Chaussee boulevards, a 214-apartment complex in Borovets ski resort, and a hotel complex in Kyustendil.