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Bulgarian REIT Advance Terrafund buys 84 ha of farmland in Mar

Bulgarian REIT Advance Terrafund buys 84 ha of farmland in Mar oticki/Shutterstock.com

SOFIA (Bulgaria), April 16 (SeeNews) - Bulgarian real estate investment trust (REIT) Advance Terrafund [BUL:6A6] said on Monday that it bough 84.2 ha of agricultural land at an average price of 4,689 euro ($5,795) per ha in March.

Advance Terrafund sold 1.5 ha of farmland at a price of 10,226 euro per ha in March, the REIT said in a bourse filing.

At end-March, Advance Terrafund owned 22,017 ha of farmland and 13.3 ha of urban land.

Last year, Advance Terrafund bought 442.5 ha of farmland at an average price of 4,264 euro per ha. During the same period the company sold 992 ha of agricultural land at an average price of 6,155 euro per ha and signed deals for the deferred sale of 659.7 ha for 6,882 euro per ha.

Advance Terrafund shares last traded on the Bulgarian Stock Exchange on Friday, when they closed flat at 2.2 levs.

($ = 0.8091 euro)

 

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