Equest plans further investment in Bulgaria


Investment fund Equest Balkan Properties plans to raise more funds for further investment in Bulgaria and Romania, as well as to carry out the fund’s current projects in the countries, Equest representative for Romania George Teleman said. 

London based Equest Balkan Properties wanted to raise €50 million ($69 million) for investments in Romania. As Bulgaria is the fund’s priority, the sum to be invested in the country would be even larger, Teleman told investor.bg. The money will be invested mainly in business developments, including offices, commercial parks, logistic centers and parking places, but not in residential property. Investor.bg was not able to get comment from the Equest office in Bulgaria .

Equest owns the City Center Sofia mall, electrical appliances hypermarket chain Technomarket, as well as numerous properties in Bulgaria.
Equest fund Equest Investments Balkans recently acquired 33.5% of Rila Samokov 2004, the company that is to carry out the Super Borovets project, investor.bg said. (sofiaecho.com)

Equest Balkan Properties plc has been formed to invest in the South East Europe property market with a principal focus on Bulgaria and Romania, and secondarily in the rest of the Target Region. EBP is listed on the London Stock Exchange.


Business Sentiment Up, Consumer Confidence Down in September Analysis

Business Sentiment Up, Consumer Confidence Down in September

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.