Black Sea Property PLC Acquisition of land plots next to Camp South Beach (1048T)
November 10 2023 - 4:52AM
UK Regulatory
TIDMBSP
RNS Number : 1048T
Black Sea Property PLC
10 November 2023
10 November 2023
BLACK SEA PROPERTY PLC
("Black Sea Property" or the "Company")
Acquisition of land plots next to Camp South Beach
Black Sea Property PLC, the Bulgarian real estate investment
company, is pleased to announce that its subsidiary, Camp South
Beach EOOD, has acquired two plots of land adjacent to its camping
site on the Bulgarian Black Sea coast. The total area of the two
plots is circa 19,450 square metres.
The land will be used for the further expansion of the business
activities of Camp South Beach EOOD, whose site is increasingly
becoming popular as a 'glamping' site for both Bulgarian and
international tourists.
The consideration for the two plots was EUR 4,836,600 which has
been satisfied in cash from the Company's existing resources.
Simon Hudd, Chairman of Black Sea Property, stated, "We are very
pleased to have made these acquisitions which are complementary to
our existing assets at the Camping South Beach site. The Company
has made a number of investments at the location in recent years
and these new properties will enable us to further enhance our
offering in the region."
The Directors of the issuer accept responsibility for the
contents of this announcement.
For further information, please visit
www.blackseapropertyplc.com or contact the following:
BLACK SEA PROPERTY PLC
Simon Hudd - Chairman +44(0) 774 702 0600
PETERHOUSE CAPITAL LIMITED
Aquis Corporate Adviser
Heena Karani and Duncan Vasey +44 (0) 207 469 0930
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END
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