Dromeas in Sofia
Dromeas BG, a 100% subsidiary of Dromeas S.A., listed on the Athens Stock Exchange, proceeded with the purchase of a privately-owned exhibition space in a central location in Sofia.
The sale agreement, which was concluded about a month ago and finalized just on Saturday, April 17, concerns the purchase of a 700 sq.m. store and the rental of an additional 434 sq.m. for the development and operation of an exhibition space in a very central spot of the Bulgarian capital. The investment amounts to approximately 2 million euros and will be carried out by the subsidiary company in Bulgaria, Dromeas S.A. BG. It is reminded that the listed company signed a common non-convertible bond loan in mid-March, amounting to 5 million euros, with a duration of seven years, aiming, among other things, to finance the investments of the said subsidiary.
As noted in the relevant announcement, the property is located on the ground floor of the “3TOPS” building complex, developed by the GEK TERNA Group in the heart of the Bulgarian capital, and is expected to help the group meet the increased demands of this market.
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