The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Antitrust agency approves sale of Sofia Business Park to Gramercy.

Antitrust agency approves sale of Sofia Business Park to Gramercy. The antitrust commission has approved the request of the US investment fund Gramercy Emerging Market for taking over the country's largest office rent complex Sofia Business Park . The deal will be operated through full-scale acquisitions of two Austrian-registered firms owned by the German construction company Lindner. The price is not officially unveiled but Lindner claims that Gramercy is selected in competition against 55 institutional investors that has probably raised the price far above EUR 1,000 per square metre. The Park has a rent space of 62,000 square metres at present and is expected to reach 116,000 square metres upon completion of all office buildings. Lindner is now running a large residential project in Sofia . Gramercy has already accumulated a big portfolio of equity investments in Bulgaria . In addition to its full control in Business Park Sofia, it has minority stakes in the main landline telecom BTC, the country's second largest drugs maker Sopharma, Bulgarian American Credit Bank, and the country's largest lubricant producer Prista Oil.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree