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Europa Capital Enters Bulgaria, with the Acquisition of Retail Park Plovdiv

February 16, 2011, 12:58 (PX Newswire)

Europa Capital LLP, the general partner of Europa Emerging Europe Fund, is pleased to announce it has entered into an agreement to acquire Retail Park Plovdiv, Plovdiv, Bulgaria, from Landmark Property Management.

Retail Park Plovdiv is a 25,000 sq m retail warehouse park located in Plovdiv, the second largest city in Bulgaria approximately 150 km south east of Sofia. The property has a quality tenant mix including Baumax, Deichman Shoes, DM pharmacy, Technomarket electronics and Sport Depot.

This investment represents the first asset to be acquired by Europa Capital in Bulgaria. The transaction volume for the investment is 20 million Euros.

The asset will be managed by Alfa Property Management.

Tim Norman, Chairman of the Europa Emerging Europe Fund, said: “We are delighted to have secured our first asset in Bulgaria, which represents a quality investment with a strong tenant roster.”

For further information, please contact:

Gordon Simpson, Finsbury PR +44 20 7251 3801
Noel Manns, Europa Capital Partners +44 20 7881 6800

About Europa Capital

Europa Capital is an established real estate fund management group operating across Europe. Europa Capital is a member of the Rockefeller Group (“RGI”). RGI is a strategic investor alongside Management. Since 1995, Europa Capital’s Principals have collectively raised 6 real estate funds and committed to over 70 transactions totalling some €6.5 billion, across 17 European countries.

Europa Capital raised two new investment funds for European property investment in 2008 being Europa Fund III and Europa Emerging Europe, which invests in Eastern Europe. Together, these funds give Europa Capital €895 million of additional equity to invest.

The Europa Funds benefit from Europa Capital’s network of Country Partners, who co-invest in acquisitions made by the Europa Funds in their territory. Many of the Country Partners have worked closely with the Principals of Europa Capital during the last 20 years. Further information can be found at www.europacapital.com.

About Landmark Property Management S.A.

The company, with Henry Gwyn Jones as Managing Director was incorporated in Luxembourg in April 2005, by a group of highly experienced institutional and strategic investors. The current owners are Altima Global Special Situations Master Fund Ltd and Gort (Holdings) Ltd.

The investments by Landmark have included a prime investment portfolio in Bulgaria and Turkey and 2 unique resort development opportunities in Croatia. Total equity invested by the partners was €114M.

Following the sale of Retail Park, Plovdiv the company will have completed its strategic exit from Bulgaria.

For further press information please contact:
Finsbury PR on +44 (0) 20 7251 3801

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