Sun, Jul 05 2009

GLOBAL FINANCE INVESTS OVER 50 MILLION EURO IN CONSTRUCTION PROJECT IN BULGARIA

Tue, Apr 24 2007 10:49 CET 257 Views

Investment company Global Finance plans to invest over 50 million euro in the construction of a multi-functional complex in Sofia.

The company has already bought a plot in Sofia's residential district East worth 17 million euro, investor.bg reported.

The complex will include offices, commercial and residential terrains having a total built-up area of over 40 000 sq m.

Global Finance's real estate investment fund Global Emerging Property Fund (GEPF) plans to expand its portfolio in Bulgaria and currently examines the opportunities for gaining new projects in Sofia, Varna and Plovdiv.

The company has already invested in Bulgaria, Greece and Romania. The Bulgarian investment includes supermarket chain Familia, Onda Coffee Break and ice cream producer Delta Ice Cream.

GEDF was established in 2005. The company focuses on acquiring and developing modern office and trade centres, industrial property and property management.

Global Finance is investment company with share capital participation in South Eastern Europe with offices in Sofia, Athens and Bucharest. Since its establishmebnt in 1992, the company has managed funds of over 700 million euro.

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