Europa Capital has contracted the sale of its Mall of Sofia investment in Bulgaria to Globe Trade Centre S.A.
Mall of Sofia comprises a 23,700 sq. metre shopping centre and a 10,300 sq. metre office tower located in the city centre. The retail occupancy rate is currently at 98% and office occupancy rate is 100%. Anchor retail tenants include Billa, H&M Fashion, Benetton, Terranova, Technomarket, McDonalds, KFC and Cinema City. The office tenants include Deloitte and Quintiles.
During Europa Capital’s ownership, major asset management initiatives included a new lease with H&M on the ground and first floors following the reconfiguration of the basement to allow the relocation of Technomarket and the expansion of the Terranova store into the basement car park to create an additional 735 sq. metres of lettable area.
This sale represents the 14th full realisation from Europa Capital’s 2008 vintage Europa Fund III, which commenced acquisitions in mid 2009, following the post-GFC market correction. The remaining two investments in the fund are both in advanced stages of being realised.
For further information/photographs, please contact:
Gordon Simpson, Finsbury PR: +44 20 7251 3801
Europa Capital: +44 20 7881 6800
About Europa Capital:
Europa Capital is a real estate fund manager focused on European markets. For more than 20 years, Europa Capital has been delivering risk adjusted returns for a global audience of investors. We focus on investment returns driven by real estate fundamentals in both equity and debt strategies. Since 1995, Europa Capital has collectively raised nine real estate funds and committed to over 128 transactions totalling more than €10.9 billion across 19 European countries.
The Europa Funds benefit from Europa Capital’s established network of partners across Europe who co-invest in acquisitions made by the Europa Funds. These country and joint venture partner relationships in some cases extend back more than 20 years.
Europa Capital is a member of Rockefeller Group International, Inc. (“RGI”), a subsidiary of Mitsubishi Estate Co. Ltd. RGI is a strategic investor alongside Management. Europa Capital Partners LLP and Europa Capital LLP are authorised and regulated by the Financial Conduct Authority.
Further information can be found at www.europacapital.com