Sofia, October 3, 2008
FairPlay Properties REIT has concluded an agreement for purchase of RLP with 21 830 sq. m. area on 2 October 2008. The amount of the transaction is EUR 6 000 000 excl. VAT.
The plot is located in the most attractive area of the residential complex Trakia in Plovdiv. On it can be constructed buildings with unfolded built-up area over 100 000 sq. m. Forthcoming is entrust for preparation a Draft Project.
“The plot allows construction of a large Retail and Office complex and is also exceptionally suitable for residential construction, that includes Retail and Entertainment center”, explained the CEO of the Company Mr. Manu Moravenov.
FairPlay Properties REIT is the biggest in assets Company for securitization of real estate (without agricultural lands) with 12,03% market share and had fourth place towards this index from all the REITs invested in the real estates, listed on the BSE ( according the statistics of Financial Supervision Commission for the еnd of June, 2008).
FairPlay Properties has an award from the Investor‘s Association for “The Best Corporate Governance of REITs 2006”.
FairPlay Properties REIT is listed on the Bulgarian Stock Exchange – Sofia on 17 February 2006. The main shareholder in the Company is FairPlay International JSC with 67 % quota in the capital. The rest of the shareholders are institutional investors (10 Pension funds, 16 Mutual funds, 4 Investment companies) and over 260 legal and physical entities, private investors.