FairPlay Properties REIT to raise capital for the fourth time
"We proved our ability to invest in profitable assets like Holiday Village Santa Marina in Sozopol," the fund representatives said.The board of directors of FairPlay Properties will increase its capital from 50.7 million to 60.84 million leva through the flotation of 10.14 million new shares with a nominal value of 1 lev and issue price of 2.25 leva per share. The company will start 2008 with its fourth successive capital increase.The fund would become the biggest REIT by registered capital. This will happen if the whole new emission is registered. It is precisely one fifth from the already emitted shares. That means that one right will be given for every old share, and every five rights will allow the purchase of one new share. The fund representatives said : "We proved our ability to invest in profitable assets like Holiday Village Santa Marina in Sozopol,"
I would like to thank Kiki on the wonderful work that she did in selling our apartment. She made everything run smoothly, she was always polite, punctual & answered any questions we had no matter how trivial some of them were. Very pleasant lady to do business with. Excellent service with smile.
— Gary, UK