September 18 (SeeNews) - MAS Real Estate, a real estate investment company listed in Luxembourg and Johannesburg, said that it expects to complete the refurbishment and reconfiguration of its co-owned Bulgaria-based shopping centre Galleria Stara Zagora by December.
MAS Real Estate is also planning a 15,000 sq. m. GLA increase in its other co-owned Bulgarian shopping mall - Galleria Burgas, the company said in a financial statement earlier this month.
The land for the Galleria Burgas mall expansion has already been acquired, the company said.
Poland's Global Trade Center (GTC) sold Galleria Stara Zagora and Galleria Burgas to PKM Investments - a joint venture between MAS Real Estate and Romania-based Prime Kapital, for 62 million euro ($68.6 million) in 2017.
($ = 0.9042 euro)