The combined land asset holdings of local real estate investment trusts (REITs) are approaching 60 000 ha, according to financial reports from some of the biggest REITs filed with the Sofia stock exchange. Elana Agricultural Land Opportunity Fund boasts the biggest farmland portfolio with 25 330 ha as of the end of January. The average acquisition cost is reported at 2 030 leva a hectare. RE [Read more...]

Sales of land plots for construction in Bulgaria totalled 262 million euro last year, according to data of consultancy firm Real Capital Analytics (RCA), Pari daily reported on February 18 2008. The report includes data on the performance of office, retail, hotel, industrial space and buildings plots on real estate markets worldwide, but only for deals above 10 million US dollars. In Bulgari [Read more...]

BG Agro, the Varna-based company active in the production and trade of grain and agricultural commodities, said in a filing that the stock market downturn has forced a delay in its plans to list on the Sofia exchange. The souring of the stock market has already affected the offering of local meat processing company Mekom, which had to extend the subscription period by 44 days. This deterred inv [Read more...]