13.10.2008
According to a Dow Jones report, one of the largest shopping malls in Bulgaria, the City Center Sofia, was sold by former owner Equest Balkan Properties to Heitman European Property Partners for 101,5 million euro
The deal was made in accordance with the CB Richard Ellis evaluation in June and will be finalized in November 2008 after an inspection of the Competition Protection Commission.
Equest Balkan Properties acquired the City Center Sofia in 2006 for 94 million euro from Stroitown, when the mall was still under construction.
The City center mall is located in downtown Sofia close to the Hilton Hotel and the National Palace of Culture and has a total area of 22 000 square meters.
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Equest Balkan Properties Sells City Center Sofia Mall
According to a Dow Jones report, one of the largest shopping malls in Bulgaria, the City Center Sofia, was sold by former owner Equest Balkan Properties to Heitman European Property Partners for 101,5 million euro
The deal was made in accordance with the CB Richard Ellis evaluation in June and will be finalized in November 2008 after an inspection of the Competition Protection Commission.
Equest Balkan Properties acquired the City Center Sofia in 2006 for 94 million euro from Stroitown, when the mall was still under construction.
The City center mall is located in downtown Sofia close to the Hilton Hotel and the National Palace of Culture and has a total area of 22 000 square meters.
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