Lewis Charles Sofia Property Fund Limited has reported that its customary shares have been admitted to trading on PLUS Markets
PLUS Markets is an free London-based equity market, provided by PLUS Markets Group plc, which was lately approved as a Recognised Investment Exchange. PLUS Markets is based on a quote-driven trading system and usually trades full coverage of all London-listed shares including the FTSE 100 and unlisted parts quoted on the AIM and PLUS markets.
The fund's ordinary shares will continue to be quoted and traded on AIM. Trading through PLUS is intended to raise investor choice, improve liquidity for shareholders and provide greater approach to investors.
The fund now own over 500 000 sq m of possible building area following the completion of transactions in Veliko Tarnovo, Dolna Banya and Razlog during the past year. House sales in the Sofia suburbs of VitoshaVets, Simeonovo and Krustova Vada are likely to begin by the close of 2007, a spokesperson from from the fund reported.
In the fund's portfolio there are two projects in Plovdiv and two additional developments, in participation with Westhill Investments, close to the ski resort of Bansko. Construction on these projects is expected to start in 2008.