Atlas Estates Fund Plans A 215million Euro Investment In Bulgaria
Atlas Estates Fund has announced plans to invest 215 million euro in Bulgaria.
The fund currently researches Bulgaria's investment potential.
The fund would develop its own property projects rather than invest in exciting ones, investor.bg reports.
Atlas Estates portfolio in Romania is valued at 192 million euro, in Slovakia at 30 million euro, in Hungary at 23 million euro and in Poland at 38 million euro. The total value of Atlas Estates' investments in all the CEE countries is 498 million euro. If Atlas Estates invests 215 million euro in Bulgaria this would be their largest investment.
Last year Atlas Estates acquired an office building in Sofia for 7.3 million euro.
The fund was set up at the beginning of 2006 and has been listed on the London Stock Exchange.