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Advance Terrafund REIT AD

Summary

Company ID (NIN)

131418187

Company owner / manager

  • International Finance Corporation
  • Other
  • Individuals
  • Karoll Finance EOOD

Country

Bulgaria

Capital

0

Total assets

0

Net loss for the period

0

Report year

2017

Currency

BGN

Industry

Investment Trusts/Funds

Southeastern Europe Company Index (SEECI)

What is SEECI?

General information

About Advance Terrafund REIT AD

Advance Terrafund REIT AD is a Bulgarian real estate investment trust (REIT) which invests mainly in agricultural and urban land.

 

Last updated on May 7, 2019.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
April 12, 2005
NIN
131418187
Tickers
6A6
Stock Exchange
Bulgarian Stock Exchange
ISIN
BG1100025052
Profile last updated
May 7, 2019, 9:54 a.m.
Alternative names

    Advance Terrafund REIT JSC;
    Advance Terrafund ADSIC;
    Advans Terafond ADSIC;
    Advans Terafond REIT AD;
    Advance Terrafund Akcionerno Druzhestvo sas Specialna Investicionna Cel;
    Advance Terrafund Real Estate Investment Trust;
    Advans Terafond Akcionerno Druzhestvo s Investicionna Cel
    Advans Terafond

History

    Apr 12, 2005 – Advance Terrafund REIT AD is established as a real estate investment trust (REIT), with a subscribed capital of BGN 500,000.

    Aug 8, 2005 – The company launches an initial public offering (IPO) of 150,000 shares with a BGN 1.0 face value on the Bulgarian Stock Exchange.

    Aug 18, 2005 – It concludes the IPO successfully selling all 150,000 shares.

    Feb 1, 2006 - Advance Terrafund is included in the new broader Bulgarian Stock Exchange (BSE) Index BG40, comprising the Top 40 companies graded by the number of transactions executed in the last six months.

    September 2008 - World Bank's International Finance Corporation (IFC) buys 17.7% in Advance Terrafund REIT AD for EUR 15 mln.

     

    Last updated on May 7, 2019.

Management

Board of Directors
Borislav Vitanov Petkov
Chairman of the Board
Nencho Ivanov Penev
Member of the Board
Radoslav Iliev Manolov
Member of the Board
Executive Board
Radoslav Iliev Manolov
CEO

Contacts

Address
1, Zlatovrah Str.
1164
Sofia, Bulgaria
Telephones

+359 2 400 8332

Fax

+359 2 400 8331

Emails

office@advanceterrafund.bg
atera@karoll.bg

Websites
www.advanceterrafund.bg

Ownership

Name Direct holding Indirect holding Owner type Country
International Finance Corporation 17.7 Institution USA
Other 44.96 Other
Individuals 19.69 Individual
Karoll Finance EOOD 17.65 Company Bulgaria

Subsidiaries and affiliates

Name Direct holding Indirect holding Country

Products and services

Advance Terrafund REIT AD raises funds through issuing securities and invests in:

  • real estate property and property rights over real estates;
  • construction works and improvements with the purpose of making real estate available for letting, leasing and sale.

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