"FairPlay Properties" REIT records BGN 1,900 mln financial result for distribution for 2012

• BGN 1,677 mln profit from the activity;
• BGN 1,900 mln financial result for distribution;
• BGN 28,405 mln revenues from sales

Sofia, January 29, 2013

   "FairPlay Properties" REIT completes the last quarter of 2012with positive financial result at the amount of BGN 1,677 mln. The revenues from the activity of the Company amounts to BGN 28, 405 mln and are reduced with 13% in comparison with their volume in the end of the previous year. 90% of them or BGN 25,476 are formed by the recorded sales of apartments in the complexes " Santa Marina", Sozopol, "St. Ivan Rilski", Bansko and "Marina Hill", Chernomoretz. 

   The rest of the revenues of the Company are formed by rents and exploitation of investment properties. 

   In 2012, the Fund has concluded new agreements for sale of 109 apartments with TBA 8 878 sq.m. at the amount of BGN 18,5 mln, excl. VAT.

Number of the concluded agreements for sale and number of the recorded apartments as at 31.12.2012 and as at 31.12.2011

 Sales 2012 2011 %
Number of concluded agreements for sales   

 Number of apartments

 109 136 -20%

 sq. m.

 8 878 11 537 -23%

 Amount in BGN, excl. VAT

 18 512 174 25 361 363 -27%
 Revenues 2012 2013 %

 Number of recorded apartments


 Number of apartments

 151 164 -8%


 11 790 13 314 -11%

 Amount in BGN, excl. VAT

 25 647 182 29 476 029 -13%


   “FairPlay Properties” REIT is listed on the BSE – Sofia on 17th of February, 2006. Major shareholder in the company is “FairPlay International” with 61.70% share in the capital, the rest of the shareholders are institutional investors (10 pension, 20 mutual funds and investment companies) and over 410 individuals and legal entities, retail investors.
  As at December 2012, the investment portfolio of "FairPlay Properties"
REIT includes 10 projects from different market segments. The TBA is 386
thousand sq. m., and the investments made by the end of the year
amounts to BGN 205 mln.
   The Company has received many prestigious awards, including:

•  „Company with best Corporate governance for Special investment purpose Companies, 2006”, Investors` Association in Bulgaria;

•  „Best IR Website”, the Bulgarian Association of Investor Relations Directors for 2008;

•  Second place in the Annual rating of Dnevnik newspaper – “Top 100 best companies on the stock exchange in Bulgaria in 2009” in the category “Best REIT for properties”.

The Projects of the Company have also received many prestigious awards, including:

•  The largest project of the Company – the holiday complex “Santa Marina”, Sozopol with award „Holiday complex of the Year” from the competition „Building of the year 2006” and award for its webpage in the category „Best Real Estate Website” from the international web festival Albena; 2008;

•  „Best Marine Project” for the holiday village “Santa Marina”, Sozopol – from the international competition „Best Project 2009”, organized in the frame of the initiative Year of Bulgaria in Russia;

•  Golden  award “Best Holiday Village of 2010” for the project “Santa Marina” in Sozopol from the Russian magazine Homes Overseas;

•  Annual Award for 2009 of the Bulgarian Hotel and Restaurant Association (BHRA) in the category “Best four star resort hotel” for the project of the Company SPA Hotel “St. Ivan Rilski”, Bansko;

•  Annual Award “Best Holiday Village of 2010” of the Bulgarian Hotel and Restaurant Association (BHRA) for the project “Santa Marina” in Sozopol.

More information:

Snezhana Yotinska
Investor Relations Director
Tel: 02/ 8 199 121
e-mail: s.yotinska@fpp.bg