July 3 (SeeNews) - Invest Property, a Bulgarian real estate investment trust (REIT) investing in northwestern Bulgaria, said on Friday it has sold a land plot for 1.6 million levs ($1.14 million/818,000 euro), VAT excluded.
The price will be paid in four instalments over the next year, Invest Property said in a statement.
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Shares the REIT last traded on the Bulgarian Stock Exchange on May 30 at 0.70 levs, down 30% from their previous close on March 27.
(1 euro = 1.95583 Bulgarian levs)