Deal #7693

Bulgaria
Created at
2020-02-02
Last update
2024-12-26
Last full update
2024-12-26

Land area

Size under contract (leased or purchased area)
  • [2010, current] 1966.1 ha
Comment on land area
The land bank of the operating company is the total amount of land acquired in 2010. 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

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

Nature of the deal
Outright purchase
Comment on nature of the deal
As of December 31, 2010 Advance Terrafund REIT owns 33 359 ha of agricultural land and 13.9 ha of urban land.

Negotiation status

Negotiation status
  • [2010, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [2010, current] In operation (production)

Leasing fees

Comment on leasing fee
In the average rental for all contracts is 23.98 BGN/dca (122.61 EUR/ha).