Business
Acquisition of land plots next to Camp South Beach
Acquisition of land plots next to Camp South Beach.
About this update from Black Sea Property Plc
[{"type":"text","content":"\n\n10 November 2023\nBLACK SEA PROPERTY PLC\n(\"Black Sea Property\" or the \"Company\")\n \nAcquisition of land plots next to Camp South Beach\n \n \nBlack 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.\n \nThe 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.\n \nThe consideration for the two plots was EUR 4,836,600 which has been satisfied in cash from the Company's existing resources.\n \nSimon 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.\"\n \nThe Directors of the issuer accept responsibility for the contents of this announcement.\n \nFor further information, please visit www.blackseapropertyplc.com or contact the following:\n \n\n\n\n\nBLACK SEA PROPERTY PLC\nSimon Hudd - Chairman\n \n\n\n+44(0) 774 702 0600\n\n\n\n\nPETERHOUSE CAPITAL LIMITED\nAquis Corporate Adviser\nHeena Karani and Duncan Vasey\n\n\n+44 (0) 207 469 0930\n\n\n\n\n \nMarket Abuse Regulation (MAR) Disclosure\nThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).\n \n\n","length":3942,"tagName":"div"}]