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Bulgaria's Advance Terrafund REIT sells properties to Vereya Stroy

Author Mario Tanev
Bulgaria's Advance Terrafund REIT sells properties to Vereya Stroy Author: Flazingo Photos. License: Creative Commons, Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0)

SOFIA (Bulgaria), March 26 (SeeNews) - Bulgaria's Advance Terrafund REIT [BUL:6A6] said that it has sold its recently-established unit Atera-1 to local company Vereya Stroy for an undisclosed price.

Atera-1 has a registered capital of 1.8 million levs ($1 million/920,000 euro), comprising solely of several properties in Stara Zagora, Advance Terrafund REIT said in a statement on Wednesday.

The sale has been entered into the commercial register and Atera-1's name has been changed to Vereya Stroy 2.

(1 euro = 1.95583 levs)

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