Notification for signed a preliminary agreement for the acquisition of a construction right in Sofia Tech Park
After winning the tender of Sofia Tech Park for acquirer of the construction right in the Zone 2 of the construction plan of the Science and Technology Park in Sofia, “BULGARIAN REAL ESTATE FUND” REIT has signed a preliminary agreement for the acquisition of the relevant construction right.
The total price for the acquisition of the construction right, which should be paid in two installments, is BGN 9,652,000. According to the signed preliminary agreement the Company will acquire the right to build a multifunctional administrative-service building with a total area of 4 395 sq.m., total built-up area – up to 35 000 sq.m. and an underground parking on two levels with a total built-up area of up to 16 000 sq.m. and an area of land on which the granted construction right is realized – 8 140 sq.m. The final contract should be signed within this year.