Investment in Bulgaria, Sofia

LAMDA Development S.A. has signed a pre sale agreement for the acquisition of the Bulgarian company TIHI LTD, which owns a 6.300 sqm plot of land in Sofia, Bulgaria. The plot is placed on two main arteries and is located 1,5 klm from the city center. The plot will be developed in an office building and will also include commercial areas on the ground floor. The total buildable area will be 30.000 sqm.

The price of the transaction is €13 million and the total investment will reach €30 million.

Following this agreement, LAMDA Development has already announced 3 investments in Bulgaria the last semester.