Fund Estates REIT (Bulgaria)

Fund Estates REIT is a company located in Sofia, Bulgaria. It was incorporated on October 13, 2004, and obtained a license from the Financial Supervision Commission to carry out its activities. The company has a registered capital of 500,000 BGN, which was increased to 650,000 BGN through mandatory initial increase. In May 2005, a second capital increase was registered, bringing the capital to 7.8 million BGN. In early 2006, a third capital increase was conducted through the issuance of 15.6 million shares, resulting in a capital of 23,394,706 BGN. The company's main activity is raising funds through the issuance of securities and investing them in real estate and real rights over real estate. This includes construction, improvements, and furnishing of the properties for management, leasing, or subsequent sale. The company's investment strategy focuses on generating current income from the operation of real estate through rental and leasing payments, aiming to create a stable income portfolio with a balanced risk distribution for shareholders and creditors.