News Article Bulgaria Cyprus development Everty hotel investment office SEE
by Property Forum | Investment

Cyprus-based real estate developer Everty Group intends to invest up to €100 million in Bulgaria during the next four years. The announcement follows the group's first major investment in Bulgaria, the acquisition of the 40,000 sqm Perform Business Centre in central Sofia back in 2019.

The group is seeking to acquire and manage office buildings in Sofia as well as in other large cities in the country, while also analysing opportunities for the development of a portfolio of hotel assets in Bulgaria.

"Bulgaria, together with other European markets, is a promising location with good long-term opportunities for high profitability in the office segment. At the moment, we are focused on purchasing office buildings with a potential for high value-added and efficient management," Stefan Dimitrov, CIO at Everty Bulgaria said.

Everty Group owns and develops Class A and Class B commercial, residential, hotel and mixed-use properties spans the Americas, Europe, Africa and Asia.  Its current portfolio includes assets in Nigeria, Costa Rica, Bulgaria and the US.