(What is this?)
Home > Bulgaria > Property > News : Bulgarian Property Investment Fund Floats £23m Shares in London
Not registered?  Join IPIN now FREE   |  Forgot password?

Bulgarian Property Investment Fund Floats £23m Shares in London

Article Date : Thursday, March 30, 2006       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Bulgarian Land Development, a real estate investment fund, established by realtor Address Group, announced the start of floating shares on the Alternative Investment Market of the London Stock Exchange, or AIM. The fund said it raised £25m by placing £23m worth of shares on AIM at 100 pence apiece. On the very first day of the placement the achieved yields reached 10%. The fund plans to invest the entire capital in residential property and holiday sites in Bulgaria's Black sea and winter resorts. Based on the Isle of Man, the fund was established for about eight months with the aim to attract huge foreign investors to the Bulgarian real estate market. Among the investors in the fund are CLS Holding, one of the biggest real estate companies in Europe, he fund management company Jupiter, New Star.

Article provided by Sofia News Agency.
Read the full article here >>

DISCLAIMER: The opinions expressed here are the views of the author of this news item and do not necessarily reflect the views and opinions of Propertyshowrooms.com.
Listing Separator

Related Articles

  1. Bulgaria 'benefiting from weakening pound'
  2. Bulgaria investors 'must factor in renovation'
  3. Sofia: Sofia Airport expects a 20% rise in passengers for Christmas holidays
  4. Unprecedented EU decision on Bulgaria
  5. Figures indicate increase in Bulgaria rental demand



Listing Separator

Let us search for you Let Us find Property in Bulgaria for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Bulgaria.
Let us searchHelp me find property in Bulgaria


Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Bulgaria
Channel: All

More RSS FeedsGo

Prices from only 38,000 GBP

Low deposit with prices starting at just 38,000 GBP. Istanbul is one of Europe's top 2 investment locations for 2008, according to Price Waterhouse Coopers. An investment with outstanding prospects.

View Investor Report >>

View News by ChannelView News by Channel

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo