Deal #7692

Land area

Size under contract (leased or purchased area)

[2009, current] 5394.6 ha

Comment on land area

The land bank of the operating company is the total amount of land acquired in 2009. Many deals formed only by the reported info. No information on separate deals is available. Generally, as of 30.11.2024, the company owns 18196 ha of agricultural land and it is the largest public company owner of farmland in the country.

Intention of investment

[current] Land speculation, Other

Comment on intention of investment

As of 2020, number of farmers secured with land for cultivation - 441. The Fund sells and acquires land frequently. As of 2024, the company leased 15251 ha to 369 farmers. As of 2024, total acquired farmland since foundation 53 620 ha versus 35 500 ha total sold.

Nature of the deal

Outright purchase

Comment on nature of the deal

Operating company calculates the indicators in two ways, for the agricultural year and the year-end. According for second version, As of the end of January 2010 Advance Terrafund REIT has signed rental contracts for 21 414 ha or 67.7% of all the lands acquired till the end of 2009.

Negotiation status

[2009, current] Concluded (Contract signed)

Implementation status

[2009, current] In operation (production)

Leasing fees

Comment on leasing fee

The average rental from all contracts is 20.65 BGN/dca (105.58 EUR/ha).