Bulgaria Property Fund Sells Unfinished Office Building For 17.5m Euro

Bulgaria Property Fund (BPF) has concluded a preliminary contract for the sale of an office building on Sofia’s G.M. Dimitrov Boulevard for 17.5 million euro, excluding value-added tax, to be paid in instalments tied to the stage of completion of the building, Dnevnik daily reported.

The buyer is Bridgecorp, the current owner of Landmark’s property portfolio, which, in turn, was sold to Alfa Developments only two days ago.

It is not yet clear whether the BPF’s building, a subject of the yesterday’s transaction with Bridgecorp, was included in the aforementioned sale of Landmark’s property portfolio as of two days ago, Dnevnik daily said.

The business building, with a total built-up area of 13 000 sq m, is currently under construction. It will feature 10 storeys of office units and a two-level underground parking. Completion is due at the turn of next year, BPF told Dnevnik daily.propertywisebulgaria.com