February 17 (SeeNews) - Bulgaria's Advance Terrafund REIT [BUL:6A6] said on Monday that it has sold 21.4 hectares of agricultural land under deferred payment contracts at an average price of 8,692 euro ($9,426) per ha in January.
Advance Terrafund REIT did not purchase any land in January, the company said in a bourse filing.
At the end of January, the real estate investment trust owned 22,271 ha of farmland, including land sold on deferred payment terms but still owned by the REIT, and 13.3 ha of urban land.
The company expects to book 3.34 million euro in rental revenue for the 2019/2020 agricultural year, out of which 42.9% were collected at the end of January.
($ = 0.9221 euro)