Sat, Nov 21 2009

Equest divests of former Serdika Hotel

Fri, May 16 2008 11:56 CET bywww.propertywisebulgaria.com 344 Views

Days after real estate investment trust Equest Balkan Properties announced that it would sell some of its assets in Bulgaria and other neighbouring countries, it announced that it had sold the former Hotel Serdika to Uniqa Real Estate, the real estate subsidiary of Austrian insurer Uniqa, Dnevnik daily reported on May 15.

Equest managing partner Georgi Kroumov confirmed the news but declined to specify the value of the transaction until the deal was finalised.

This is Equest's second asset divestiture after City Center Sofia, a key shopping and entertainment complex in Bulgaria's capital.
 
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