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Bulgaria's BPD Industrial Real Estate Fund REIT buys logistics centre

Author Vasil Kolchev
Bulgaria's BPD Industrial Real Estate Fund REIT buys logistics centre Author: Flazingo Photos. License: Creative Commons, Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0)

SOFIA (Bulgaria), November 25 (SeeNews) - Bulgaria's BPD Industrial Real Estate Fund REIT [BUL:BPD] said that it has signed a 5.9 million levs ($3.4 million/3 million euro) deal with Sofia-based Bulgarian Property Developments 4 for the purchase of a logistics property in the Danube port city of Ruse.

The property comprises a warehouse building with a total area of 13,850 square metres and land with a total area of 53,691 square metres, the buyer said in a statement on Wednesday.

BPD Industrial Real Estate Fund REIT is controlled by Luxembourg-registered Hifa Holding.

(1 euro = 1.95583 levs)

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