Narrow screen resolution Wide screen resolution Auto adjust screen size Increase font size Decrease font size Default font size BulgarianEnglish
Status Invest
Home News FSC issued a license to a new REIT
FSC issued a license to a new REIT
13 December 2006

The Financial Supervisory Commission issued a license to the real estate investment trust Real Estate Sofia. In conjunction with this the Commission acclaimed the prospectus for the public offering of 150 thousand shares with nominal of BGN 1 each, which will be issued because of the obligatory initial increase of the capital for this kind of companies.


The management of the new fund is planning to focus on investments in logistic, warehouse and industrial estates, and the first projects will be announced before the increase of the equity. The Commission allowed the fund to invest in variety of estates such as offices, residential buildings, trading estates, parcels, farming/agricultural land and industrial estate, which will located mainly in and around the town of Sofia.

The institutional investor that took part of the foundation of the REIT is the mutual fund Status New Shares with 49% of the initial capital. The second investor is Sofconsuting Inc. with 30% the initial capital. Among the other investors are Status Invest AD with 9%, Status-1 AD with 6% and Ecozona AD with also 6% of the initial capital.