Overview
The Black Sea Property Fund seeks to generate capital gains through the development, financing and sale of residential property in Bulgaria, including the prime areas of Bulgaria’s Black Sea coast, the ski resorts and the capital, Sofia. The Board believes the changes in the Bulgarian property market and international capital markets present opportunities. These opportunities include acquiring stakes in other collective investment vehicles and in other Bulgarian property classes. Accordingly, it is proposed to widen the investment strategy of the Black Sea Property Fund to enable the Fund to take advantage of these opportunities fully.
The website can be found here.
News
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24 Dec 2015 1 min read
Black Sea Property mulling options as fails to implement investing policy
Black Sea Property says it has been advised that the acquisition of properties that it is considering would not satisfy AIM that it was implementing its investment policy. The effect of this is that the company will have its admission to listing cancelled on 16 January. The Board are mulling their options and will shortly […]
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16 Jul 2015 1 min read
Black Sea Property shares suspended
Black Sea Property has just raised £1.52m before expenses to put towards its new investment policy of acquiring property assets in Bulgaria. However, until it has invested the money, it is failing to implement the policy and, as it is now a year since the last of the company’s old portfolio was sold off, it […]
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17 Mar 2015 1 min read
Black Sea Property keen to start investing again
Black Sea Property has sent its shareholders a circular to convene an extraordinary general meeting at which it wants them to approve proposals to recommence investment activities in the residential real estate, holiday homes, commercial real estate and distressed real estate markets of Bulgaria, to adopt a new investing policy, appoint a new investment advisor, extend the […]
