Europa Capital LLP is pleased to announce it has entered into an agreement to acquire Mall of Sofia, Sofia, Bulgaria, from GE Real Estate and Avestus Capital Partners. Mall of Sofia is a 23,600-m² shopping center with 10,400 m² of offices above, located in the center of Sofia, the capital of Bulgaria.
This is Europa Capital's second investment in Bulgaria this year and amounts to a transaction volume in excess of 100 million.
The asset will continue to be managed by Avestus Capital Partners and the acquisition is to be financed by the existing lenders OTP Bank and DSK Bank. Europa Capital was advised in this transaction by CMS Cameron McKenna and CB Richard Ellis / MBL.
Henry Morris, Acquisitions, Europa Capital, said: "We are delighted to have secured this investment in one of the region's strongest assets. Mall of Sofia has an excellent trading history combined with the opportunity to improve the tenant mix and performance in the future."
Source: Finsbury PR