You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bulgaria's ERG Capital-3 REIT plans to sell real estate for min 6.6 mln euro

Author Mario Tanev
Bulgaria's ERG Capital-3 REIT plans to sell real estate for min 6.6 mln euro Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SOFIA (Bulgaria), July 12 (SeeNews) - Bulgaria's ERG Capital-3 REIT [BUL:5ER] said that it is seeking the approval of its shareholders to sell real estate assets for a price of at least some 6.6 million euro ($7.4 million), VAT excluded.

Both properties intended for sale are located in Sofia, the company said in a statement earlier this week.

Bulgaria's ERG Capital-3 REIT shareholders will vote on the proposal at a meeting scheduled for August 19.

In November last year, the company sold real estate assets for 3.5 million euro.

($ = 0.8894 euro)

Compare