Unfinished office building for 17.5M euro sells by Bulgaria Property Fund
Bulgaria Property Fund has finished a preliminary contract for the sale of an office building on Sofia’s G.M. Dimitrov Boulevard for 17.5 million euro, excluding value-added tax, to be paid in instalments tied to the stage of completion of the construction, Dnevnik daily announced.The purchaser is Bridgecorp, the current owner of Landmark’s real estate portfolio, which, in turn, was sold to Alfa Developments only two days ago.
It is not yet clear whether the Bulgaria Property Fund’s building, a subject of the yesterday’s transaction with Bridgecorp, was embrased in the aforementioned sale of Landmark’s property portfolio as of two days ago, Dnevnik daily reported.
The business construction, with a total built-up area of 13 000 sq m, is at present under construction. It will feature 10 storeys of office units and a two-level subterranian parking. Completion is due at the turn of next year, BPF said Dnevnik daily.
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