Deal #955

Location #1

Spatial accuracy level
Administrative region
Location
Gabrovo, Bulgaria

Target country
Bulgaria

Location #2

Spatial accuracy level
Administrative region
Location
Plovdiv, Bulgaria

Target country
Bulgaria

Location #3

Spatial accuracy level
Administrative region
Location
Lovech, Bulgaria

Target country
Bulgaria

Location #4

Spatial accuracy level
Administrative region
Location
Montana, Bulgaria

Target country
Bulgaria

Location #5

Spatial accuracy level
Administrative region
Location
Targovishte, Bulgaria

Target country
Bulgaria

Location #6

Spatial accuracy level
Administrative region
Location
Vidin, Bulgaria

Target country
Bulgaria

Location #7

Spatial accuracy level
Administrative region
Location
Vratsa, Bulgaria

Target country
Bulgaria

Location #8

Spatial accuracy level
Administrative region
Location
Pleven, Bulgaria

Target country
Bulgaria

Location #9

Spatial accuracy level
Administrative region
Location
Veliko Tarnovo, Bulgaria

Target country
Bulgaria

Location #10

Spatial accuracy level
Administrative region
Location
Ruse, Bulgaria

Target country
Bulgaria

Location #11

Spatial accuracy level
Administrative region
Location
Razgrad, Bulgaria

Target country
Bulgaria

Location #12

Spatial accuracy level
Administrative region
Location
Silistra, Bulgaria

Target country
Bulgaria

Location #13

Spatial accuracy level
Administrative region
Location
Varna, Bulgaria

Target country
Bulgaria

Location #14

Spatial accuracy level
Administrative region
Location
Shumen, Bulgaria

Target country
Bulgaria

Location #15

Spatial accuracy level
Administrative region
Location
Burgas, Bulgaria

Target country
Bulgaria

Location #16

Spatial accuracy level
Administrative region
Location
Sliven, Bulgaria

Target country
Bulgaria

Location #17

Spatial accuracy level
Administrative region
Location
Stara Zagora, Bulgaria

Target country
Bulgaria

Location #18

Spatial accuracy level
Administrative region
Location
Yambol, Bulgaria

Target country
Bulgaria

Location #19

Spatial accuracy level
Administrative region
Location
Haskovo, Bulgaria

Target country
Bulgaria

Land area

Size under contract (leased or purchased area, in ha)
[2013] 22300
[2015] 22678
Comment on land area
The company owns 22678 ha of arable land rented or leased to 480 farmers.

Intention of investment

Intention of the investment
Agriculture unspecified
Comment on intention of investment
The company owns 22678 ha of arable land rented or leased to 480 farmers.

Nature of the deal

Nature of the deal
Outright Purchase

Negotiation status

Negotiation status
Concluded (Contract signed)
Comment on negotiation status
The company was established in 2005 and has been buying and selling/leasing out land since then. Accordingly, it has extended its land bank through various agreements and the "constant purchases of small fragmented pieces of land in about 1000 villages". After "subsequent land consolidation projects, leading to consolidation of ownership", the company offers yearly leases of vacant land for a period of 1 year and sales of concentrated lands (http://www.advanceterrafund.bg/en/about-us/what-we-do/farmland/ ).

Implementation status

Implementation status
In operation (production)

Contract farming

Contract farming
Yes
On leased / purchased area
Yes
On leased / purchased farmers
480
Comment on contract farming
see comments above

Operating company

Operating company
Comment on investment chain
Karoll Finance is a REIT management company of Advance Terrafund.

 

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Data source #1

Data source type
Company sources
File
Comment on data source
Accessed: 18:12:2013

Data source #2

Data source type
Company sources
File
Comment on data source
Accessed: 18:12:2013

Data source #3

Data source type
Company sources
File
Comment on data source
Accessed: 18:12:2013

Data source #4

Data source type
Company sources
File
Date
2015-01-01

Data source #5

Data source type
Company sources
File
Date
2015-12-01

April 15, 2016, 9:03 p.m.

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Jan. 4, 2016, 4:31 p.m.

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July 27, 2015, 6:50 p.m.

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Dec. 18, 2013, 3:56 p.m.

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Dec. 18, 2013, 3:53 p.m.

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May 16, 2013, 8:08 p.m.

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

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