Black Sea Property AS

Company Description

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Black Sea Property PLC is a real estate company with a focus on investments in Bulgaria. The Board is seeking to create a diverse portfolio of opportunistic and value-added assets and may look at opportunities and investments in neighbouring countries.

The Board will seek to invest in:

Distressed residential projects, primarily in the largest cities in Bulgaria, which are close to completion and capable of generating sales revenue within 12 months from the initial investment;

Commercial buildings, primarily in Sofia, with opportunities to improve occupancy;

Hotels and holiday homes with opportunities to improve operations and cost structure; and

Distressed companies and assets that need restructuring and further financing, capable of offering a high growth potential.

Year founded

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2015

Served area

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Europe

Headquarters

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Postboks 46 Torshov, 0412 Oslo – Norway

Shares outstanding

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38,890,632

IPO

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Jan. 13, 2016

Stock exchange(s)

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Euronext Oslo