Bulgaria's ERG Capital-3 REIT Plans to Sell Real Estate for min 6.6 Mln Euro

Bulgaria's ERG Capital-3 REIT Plans to Sell Real Estate for min 6.6 Mln Euro

Bulgaria's ERG Capital-3 REIT  said that it is seeking the approval of its shareholders to sell real estate assets for a price of at least some 6.6 million euro ($7.4 million), VAT excluded. Both properties intended for sale are located in Sofia, the company said in a statement earlier this week. Bulgaria's ERG Capital-3 REIT shareholders will vote on the proposal at a meeting scheduled for August 19.In November last year, the company sold real estate assets for 3.5 million euro.

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