Urban Properties Acquisition

On 20 February 2008, Bulland Investments acquired for 144 000 EUR 2004 sq. m. of agricultural land in Obelya, Sofia Municipality. The property borders three previously acquired properties. The total area of the consolidated properties will be 7 693 sq. m. The purpose of the acquisition is to consolidate the properties, change their purpose and make them suitable for development.

On 21 February 2008, Bulland Investments acquired for 122 000 EUR a regulated land property with an area of 2000 sq. m. in Bozhurishte, next to the showroom of Citroen on the main road Sofia - Kalotina. The purpose of the acquisition is to let it out on a finance lease.


Property Acquisition in Veliko Tarnovo Municipality

On 07 February 2008, Bulland Investments acquired a property with an area of 7 501 sq. m. in Ledenik, Veliko Tarnovo Municipality. It is a field with a changed purpose facing the main road Sofia - Varna. The acquisition cost is 1 425 000 BGN excluding VAT. A permission was issued that allows for the design of a car showroom. After finishing the construction, the property will be rented out.


Quarterly Financial Report as of 31 December 2007

Bulland Investments would like to notify its shareholders and investors that it has submitted its quarterly financial report (as of 31 December 2007) to the Financial Supervision Commision on 30 January 2008. The financial report is available at 56 Vitosha Blvd., Sofia from 10:00 to 16:00 every working day, as well as at


Agricultural Land Sale

On 27 December 2007, Bulland Investments sold 107 unconsolidated properties - agricultural land in Tvarditza, Sliven Municipality. The total area is 473 deka with a price of 300 BGN per deka. The properties were acquired two years in advance for a price of 159,56 BGN per deka including all expenses. The realized margin on the transaction (the difference between the sale and acquisition prices with all expenses included) is 88 %.


The Municipal Court of Sofia Registered the Capital Increase of Bulland Investments

On 30 November 2007, the firm department of the Municipal Court of Sofia registered the capital increase of Bulland Investments. The capital was increased from 5 469 641 BGN to 13 017 889 BGN through the issue of 7 548 248 new shares.


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