Bulgarian Land Development is a company incorporated to act as a residential and commercial property developer in Bulgaria. It offers investors the opportunity to invest in Bulgaria’s rapidly growing economy with the benefit of the considerable experience of the Group’s management team. The Company intends to generate an attractive rate of return for Shareholders by taking advantage of the numerous opportunities in the Bulgarian property market.
BLD was admitted to the AIM market in March 2006, following a share placing which raised gross proceeds of £25m at 100p per share. In February 2007 an additional placing raised £15m. The Company expects to operate primarily in the holiday areas of the Black Sea coast and the ski resorts, as well as in Sofia, the capital of Bulgaria.