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Advance Terrafund REIT AD

Summary

Company ID (NIN)

131418187

Company owner / manager

  • International Finance Corporation
  • Karoll Finance EOOD
  • Other
  • Stanimir Marinov Karolev

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 Aug 25, 2021.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
April 12, 2005
NIN
131418187
Tickers
ATER
Stock Exchange
Bulgarian Stock Exchange
ISIN
BG1100025052
Profile last updated
Aug. 25, 2021, 11:49 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 lists on the Bulgarian Stock Exchange.

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

    Last updated on Aug 25, 2021.

Management

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

Contacts

Address
1, Zlatovrah Str.
1164
Sofia, Bulgaria
Telephones

+359 2 400 8332

Fax

+359 2 400 8331

Emails

atera@karoll.bg
adimitrov@karoll.bg

Websites
www.advanceterrafund.bg

Ownership

Name Direct holding Indirect holding Owner type Country
International Finance Corporation 17.7 Institution USA
Karoll Finance EOOD 17.65 Company Bulgaria
Other 45.1 Other
Stanimir Marinov Karolev 19.55 Individual

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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