Key Facts | |
---|---|
Location | Sofia, Bulgaria |
Deal type | Acquisition and bank restructuring |
Closing date | Q2 2014 |
Origination | Direct from bank |
Status | Under management |
Origination
- Off market, direct from bank
Ownership
- Fund I
Role
- Acquired 100% of shareholding as a part of an agreed restructuring with the bank
Value creation
- Active asset management and investment in building and tenant improvements to improve rental income
-
Implement cost savings and allow marketing to attract new international anchor tenants
- Building improvements include repositioning of escalators, rebalancing of customer circulation flows and improvement of external transparency
Property Type
- Retail Center
See property website for further details: www.parkcenter.bg/home