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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bulgarian Prop. | LSE:BPD | London | Ordinary Share | GB00B058TT05 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 16.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:0841Z
Bulgarian Property DevelopmentsPLC
27 June 2007
FOR RELEASE 7.00AM 27 JUNE 2007
BULGARIAN PROPERTY DEVELOPMENTS PLC
("BPD")
(BPD is primarily focused on the development of commercial property and
in particular building pre-let warehousing, distribution centres and offices)
BPD acquires 50% stake in proposed shopping centre in Vidin
Bulgarian Property Developments PLC is pleased to announce that it has purchased
a 50% stake in the proposed development of a shopping centre in Vidin, north
west Bulgaria from Fairplay International for Euros 1,555,000. The shopping
centre will be developed in partnership with Fairplay International (one of the
largest property investors and developers in Bulgaria) who retain the other 50%
of the project. The size of the site is just under 12,000 square metres and is
located close to the centre of Vidin.
Vidin is a regional hub for this part of Bulgaria. BPD believes that the
prosperity of the town will be enhanced by the construction of a new bridge
across the Danube adjacent to Vidin, which will make Vidin one of the main entry
points for traffic coming from the rest of Europe to Bulgaria.
Demolition of existing buildings on the site has already commenced. It is
anticipated that the centre will be constructed and let by the end of 2008/early
2009.
Enquiries:
Bulgarian Property Developments
Ivo Hesmondhalgh (Joint Chief Executive) +44 (0) 20 7243 1336
Bulgarian Property Developments
Philip Pashov (Joint Chief Executive) +359 (0) 963 13 59
Cubitt Consulting
Brian Coleman-Smith / James Versinghe +44 (0) 20 7367 5100
Matrix Corporate Capital Limited
Ken Vere Nicoll +44 (0) 20 7925 3393
This information is provided by RNS
The company news service from the London Stock Exchange
END
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