Equest Balkan Properties awash its City Center Sofia arcade centre to US absolute acreage investment administration close Heitman for 101.5 actor euro, Dow Jones account bureau reported. The accord was appear on September 19 and should be captivated up in November.

Equest bought the arcade capital off-plan in 2006. It paid 94 actor euro to the seller, Stroitown, a aggregation affiliated to Roumen Gaitanski, the above buyer of Sofia’s debris accumulating companies.

In December 2007, the capital was evaluated at 99.5 actor euro, Equest’s official account reads.

The new buyer will pay out a 64 actor euro mortgage and a added 37.5 actor euro in banknote if the accord is finalised. The gain will accounts Equest's added projects and repaying coffer loans.

Heitman European Property Partners III will buy Dutch-registered close Lerma, which holds 100 per cent in Auriga, the Bulgarian aggregation that owns City Center Sofia.

Sources told Dnevnik circadian that the US aggregation is eyeing added projects in Bulgaria as well. One of them is Capital Stara Zagora in the axial boondocks of the aforementioned name. The arcade centre should accessible doors next week.

Heitman is headquartered in Chicago and operates in the US and Europe. It has a portfolio account $22.8 billion.

Meanwhile, Equest said it would cascade 45 actor euro into the architecture of a retail esplanade in neighbouring Romania. The development will acceleration on an eight ha acreage artifice over the next 18 months. Equest inaugurated its aboriginal Romanian retail park, Vitanis, beforehand in September. The activity was acquired at the end of 2006 and broadcast through a 30 actor euro investment, which took the absolute to 60 actor euro. It has accommodated outlets of French banker Carrefour, Bulgarian electronics banker Technomarket, aswell endemic by Equest and German do-it-yourself banker Praktiker.