PrimePropertyBG REIT is the first public investment trust set up under the Law on Real Estate Investment Trusts. It was licensed by the Financial Supervision Commission in January 2004.
Balkan Advisory Company Ltd. (BAC) is a leading investment banking company which operates in most Balkan countries. It was set up in Ireland in early 1998 as a fully-owned subsidiary of Europa Capital Management a.s. (ECM – www.ecm.cz), an asset management house focused on Central and Eastern Europe. BAC has been the investment banking advisory arm of ECM covering projects across the Balkan countries. In Bulgaria in particular, BAC was the primary manager of the largest mortgage bonds emission in Bulgaria – that of the Bulgarian Post Bank (2002). It was also the co-manager of the mortgage bonds of Bulgaria Invest commercial bank. Building upon its strong local presence combined with top-notch Western know-how and proven track record, BAC is providing top M & A counsel, privatization and project finance advisory services. BAC strategy is to provide customized and focused “just-in-time” advice to blue chip international investors, local corporates, and various state institutions. With its associates from Financial Network Inc., a US based boutique investment bank, BAC provides various debt related services, such as debt-to-equity swaps, debt recovery, issuance of sovereign and local corporate debt, debt net-offs, etc.
Strategic shareholders in Prime Property BG REIT are domestic and foreign investors, investment trusts, and individuals. The ratio of public to private shareholders is 97% to 3%.