Petel.bg – news – They announced a mega deal for industrial areas in Bulgaria: It covers 42 acres in Varna

BPD frame

Fact is the biggest deal with industrial properties in Bulgaria for many years.

It also directly affects Varna.

Lion’s Head, a joint venture between AG Capital and Old Mutual Property, has signed an agreement to acquire BPD, an investor in logistics and industrial properties. The deal is the largest in the sector for years, the investment is in the amount of 71.4 million euros, economy.bg reported.

With this investment, AG Capital enters a new class of business properties for the Group and becomes the second largest owner of industrial areas in Bulgaria. The purchase was realized with an investment by the International Finance Corporation (IFC) – part of the World Bank and financing by UniCredit Bulbank. The legal advisor for the transaction is Wolf Theiss Bulgaria.

“The acquisition of BPD is a significant achievement for the Lion’s Head team and marks the beginning of our ambitious program for regional expansion of our portfolio in a new business sector and in new markets – Bulgaria, Romania and Poland. We plan to keep the BPD brand and develop it together with the existing team. The goal is to ensure continuity and a smooth transition of the business to Lion’s Head standards while maintaining a high level of management,” commented Tanya Koseva-Boshova, Managing Partner, Lion’s Head.

“Lion’s Head will continue the good tradition of the established BPD brand, acquiring the platform of 3 logistics parks and a successful team. The three projects have a total built-up area of ​​75,065 square meters and are located in key locations for the country – Sofia, Varna and Ruse. We plan to expand the current projects with the construction of an additional 28,000 square meters in Varna and Ruse,” adds Vladimir Gyurdzhiev, Group Director of Logistics Projects, Lion’s Head.

In the logistics centers that Lion’s Head acquires, long-term tenants are international companies such as Phoenix Pharma, DHL, DB Schenker, Carlsberg, Speedy (Geopost), Wurth, Sopharma and more than 50 other companies.

The largest of the three logistics parks is located in Varna.

The center is dominant for the city and the region and offers its customers 42,241 square meters of modern warehouse, office and commercial space. The location is key, inner-city with quick and convenient access to all parts of the city. The park is one of the few in our maritime capital that offers both dry storage and temperature controlled storage areas. As part of the company’s ESG strategy, the park also has a rooftop photovoltaic power plant.

The park in Sofia has a strategic location on the eastern arc of the Ring Road, providing quick access to both the central city areas and the airport, as well as the Hemus and Trakia highways. The project was chosen as the central warehouse of the leading pharmaceutical distribution company Phoenix Pharma, and also by another Bulgarian leader in the field of pharmaceutical products, Sopharma Trading. Other customers include significant international companies such as Wurth and Jotun.

The logistics center in Ruse is located in close proximity to Danube Bridge 1 and the key border link with Romania, in the city’s only modern industrial zone.

BPD was established in 2004 and is the first investment company in Bulgaria listed on the London Stock Exchange (AIM). Since 2009, BPD has been part of the Tavistock Group – a private investment company founded by investor Joe Lewis 35 years ago.

AG Sarıtal was created by Xpicto Iliev 30 years ago and unites a group of companies in the real estate sector. At the moment, it is alive and kicks off in Bulgaria, Romania and Poland. Its portfolio includes the leading development companies – Rark Lane (business properties), VLD and Ultima (residential properties). The company has leading international investors such as Old Mutual, IFC, Arroyo Global Management and the Russian Federation.

Lion’s Head is an investment and management company for landmark business properties in Central and Eastern Europe, a joint venture between AG Capital and Old Mutual. The company’s portfolio includes five office buildings with a total area of ​​235,000 square meters: two in Sofia – Poligrafia Office Center and Megapark, and three in Bucharest – Oregon Park. Among the tenants are the global companies Oracle, Deloitte, EY, Thermo Fisher, Bosch, Groupama, Payhawk, Kostal, GFK.

The International Financial Corporation (IFC) is a branch of the World Bank that operates in more than 100 countries. In 2023, IFS invests a total of 43.7 billion. help to support the activities of private companies and financial institutions in rapidly developing countries.

Old Mutual is a public company that has been on the stock market in Yoxana for 179 years. It is one of the oldest cooperatives in South Africa with presence in 14 countries, capitalization in the range of 3 billion. epo and assets under management with a total value of 65 billion. epo.

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