UniCredit Bulbank supported Lion’s Head Investments in the acquisition of the logistic parks of BPD ( Bulgarian Property Develpments) in the cities Sofia, Varna and Ruse. The company's investment amounted to EUR 71.4 million and is the largest in the industrial segment in recent years. 

"UniCredit Bulbank's participation in a transaction of this scale strengthens our position as a leading financial institution and proves our support of investments in significant projects for various sectors of the Bulgarian economy. The purchase is being implemented with structured financing, which provides for the simultaneous financing of the acquisition of the shares of several companies and includes a high level of business and legal expertise. Both the seller BPD and the buyer Lion's Head Investments are long-term key clients of UniCredit Bulbank, which made the financing possible thanks to the parties' established trust in the bank," said Borislav Bangeev, Director of Corporate Banking and Member of the Management Board of UniCredit Bulbank.

"In the face of UniCredit Bulbank we can rely on a financial partner with proven expertise in the implementation of complex structural transactions and this predetermined our choice of a bank," adds Tanya Koseva-Boshova, Managing Director at Lion's Head Investments.

Lion's Head Investments is the joint investment company between the Bulgarian AG Capital and the international Old Mutual Property with the main activity of making, developing and managing investments in the field of real estate. With the acquisition of the logistics parks Lion's Head Investments enters a new class of commercial real estate for the group - industrial space, becoming the second largest owner of industrial property in Bulgaria.

The three logistics parks have a total built-up area of nearly 75,065 sq.m. and feature modern logistics, office and retail space located in key locations in Sofia, Varna and Ruse. Long-term tenants in the parks are over 50 companies, including Phoenix Pharma, DHL, DB Schenker, Carlsberg, Speedy (Geopost), Wurth, Sopharma. The company plans to continue investing in the locations by building 28,000 sqm of new space in Varna and Ruse.

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Additional media information:

Ekaterina Ancheva, tel +359 894 518 193 , flbufsjob/bodifwbAvojdsfejuhspvq/ch