Bulgarian RE investment company eyes Warsaw bourse

The Bulgarian daily Dnevnik reported today that “Bulgarian companies will be able to go ahead with plans to raise cash from the Warsaw Stock Exchange after the Poland Central Depository and UniCredit Bulbank signed a custodian agreement”.

Dnevnik then goes on to say that there are two Bulgarian companies that have gone public with plans to be quoted on the Warsaw bourse. They are drug maker Sopharma and property fund Intercapital Property Development (ICPD).

ICPD is an investment vehicle that, according to a description on its website, “purchases real estate with the inflows coming from equity and bond issues”. It currently runs two projects, Marina Cape and Grand Borovets.

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