Distressed Opportunities in Eastern Europe
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Toma Nedyalkov Premium Member Group moderatorThe company name is only visible to registered members.Group newsletter: TOP REAL ESTATE ACQUISITION OPPORTUNITY - BULGARIA MALL
Dear group members,
I would like to bring your attention to a top development / investment opportunity for the acquisition of a mixed-use project in Sofia.
The Project:
Mixed use retail and office development located in a high profile location on a major thoroughfare in Sofia, Bulgaria;
All build permits have been obtained - construction can start immediately;
The retail areas are over 40% pre-let;
The supermarket area is anchored by Carrefour;
The senior finance facility is in place and provided by Unicredit;
Financial Summary:
Key components of the financial forecast are as follows:
Forecast Retail revenues per annum €10.5mil;
Forecast Office Revenues per annum €5.8mil;
Hard construction costs €107mil;
Taxes / Soft costs €17mil;
Projected yield of 11%+;
Please send me a PM if interested, so that I can come back to you with more data.
Thank you for your time.
Best regards,
Toma
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This newsletter has been written by moderator Toma Nedyalkov of the group "Distressed Opportunities in Eastern Europe".
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- 18 Aug 2009, 4:53 pm
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Danny Bo'ItanniThe company name is only visible to registered members.- 22 Aug 2009, 07:27 am
