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.