Deal #953

Location #1

Spatial accuracy level
Administrative region
Location
Pordim, Bulgaria

Target country
Bulgaria

Location #2

Spatial accuracy level
Administrative region
Location
3640 Yakimovo, Bulgaria

Target country
Bulgaria

Location #3

Spatial accuracy level
Administrative region
Location
3330 Miziya, Bulgaria

Target country
Bulgaria

Land area

Intended size (in ha)
25000
Size under contract (leased or purchased area, in ha)
[2011] 21400
[2013] 18600
Size in operation (production, in ha)
[2011] 12300

Intention of investment

Intention of the investment
Agriculture unspecified, Other (please specify)
Comment on intention of investment
agribusiness projects. However, not all the land is devoted to agriculture. Other activities seem to include energy generation and tourism, but further information is not specified.

Nature of the deal

Nature of the deal
Outright Purchase

Negotiation status

Negotiation status
[2006] Concluded (Contract signed)
[2013] Concluded (Contract signed)
Comment on negotiation status
Land purchases have not finished yet, it is still an ongoing process.

Implementation status

Implementation status
[2008] In operation (production)
Comment on implementation status
Land was in operation before investor took land over.

Purchase price

Comment on purchase price
In general, land prices have soared in Bulgaria due to the new wave of investments in the country.

Contract farming

Contract farming
No

Number of total jobs created

Jobs created (total)
Yes
Comment on jobs created (total)
Operations are under the control of a management company (Paladin Realty Management Ltd US – the Fund Manager) and an Advisory Board consisting of major shareholders and professionals.

Operating company

Name of investment project
CERES

 

Network of parent companies and tertiary investors/lenders. Please right-click the nodes to get more details.

Legend
  • Is parent company of
  • Is tertiary investor/lender of
  • Left-click to reveal related parent companies and tertiary investors/lenders.
  • Right-click on investors to get more information.
  • Left-click to hide related parent companies and tertiary investors/lenders.

Data source #1

Data source type
Research Paper / Policy Report
File
Date
2009-10-01

Data source #2

Data source type
Company sources
File
Date
2008-03-03

Data source #3

Data source type
Research Paper / Policy Report
File
Date
2013-06-24

Data source #4

Data source type
Media report
File
Comment on data source
accessed: 2015-12-29

Data source #5

Data source type
Research Paper / Policy Report
File
Date
2013-01-01

Data source #6

Data source type
Media report
File
Date
2013-08-01
Comment on data source
Info about transaction

Data source #7

Data source type
Media report
File
Comment on data source
Brief info about transaction and investor.

Data source #8

Data source type
Media report
File
Comment on data source
Information about investor.

Data source #9

Data source type
Media report
File
Date
2013-07-05

Data source #10

Data source type
Media report
File
Comment on data source
Info about investor

Data source #11

Data source type
Research Paper / Policy Report
File
Date
2009-01-01

Data source #12

Data source type
Company sources
File
Date
2008-06-24

Data source #13

Data source type
Media report
File
Date
2012-01-01

Data source #14

Data source type
Company sources
File
Date
2013-10-01

Former land owner (not by constitution)

Former land owner
Private (smallholders)
Private (large-scale farm)
Comment on former land owner
State farms might not be exempt, but this information is not clearly given. Presently, Ceres is the third largest fund investing in farmland in Bulgaria with the most concentrated holdings. The current capital of Ceres is approximately 45 million and consists of both monetary and in-kind (land) contributions by shareholders. Investor changed in 2013.

Former land use

Former land use
Commercial (large-scale) agriculture

Detailed crop, animal and mineral information

Crops area
Corn (Maize), Rapeseed, Sun Flower, Wheat

In country processing of produce

Comment on in country processing of produce
Ceres has already initiated a silo project with a capacity of 12 000 tons.

Water extraction envisaged

Water extraction envisaged
Yes
Comment on water extraction envisaged
company set up an irrigation scheme

June 14, 2018, 1:27 p.m.

overwritten

This version

Compare with previous version

June 14, 2018, 1:24 p.m.

overwritten

Show this version

Compare with previous version

June 14, 2018, 1:14 p.m.

overwritten

Show this version

Compare with previous version

Dec. 29, 2015, 2:48 p.m.

overwritten

Show this version

Compare with previous version

July 21, 2015, 7:45 p.m.

overwritten

Show this version

Compare with previous version

Feb. 20, 2015, 5:18 p.m.

overwritten

Show this version

Compare with previous version

Feb. 16, 2015, 3:47 p.m.

overwritten

Show this version

Compare with previous version

Feb. 13, 2015, 12:52 p.m.

overwritten

Show this version

Compare with previous version

Feb. 12, 2015, 5:33 p.m.

overwritten

Show this version

Compare with previous version

Feb. 12, 2015, 1:30 p.m.

overwritten

Show this version

Compare with previous version

Feb. 12, 2015, 1:24 p.m.

overwritten

Show this version

Compare with previous version

Jan. 10, 2014, 5:46 p.m.

overwritten

Show this version

Compare with previous version

Feb. 15, 2013, 5:01 p.m.

active

Show this version

First version

There are no comments to this deal yet.

Add a comment

(mandatory)
(mandatory)
(mandatory)

I've read and agree to the Data Policy.