Global real estate business Everty, part of YNV Group, has announced plans to invest €100 million to acquire and develop commercial and hospitality projects in Bulgaria over the next four years.
The company already has an exclusive portfolio worth over $200 million in commercial and hospitality properties in Bulgaria, Nigeria, Costa Rica, Greece and the United States. In Bulgaria, Everty owns and manages the Perform Business Center, a 40,000 sqm. office building in the heart of Sofia, and it is looking to expand its portfolio there.
“Bulgaria offers long-term investment perspectives and high yield potential. We are committed to acquiring, developing and operating an exclusive portfolio of office real estate in prime locations, building long-term value and efficiently managing our properties to meet the highest requirements of modern businesses”, stated Stefan Dimitrov, Chief Investment Officer for Everty Bulgaria.
The investment is part of Everty’s expansion plans across key markets. Last month, the real estate company announced it will invest $100 million in the development of commercial and hospitality projects in Costa Rica.