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S o u t h -

E a s t e r n E u r o p e B u l g a r i a S o f i a -

TWO plots of Development land in an Emerging industrial area on the eastern periphery of Sofia 2.4 / 1.4 hectares for sale //co-development
Strategic Location Emerging Industrial Hub Low Development and Running Costs Unique Intersection of 3 Pan-European transport corridors Suitable for a BROAD range of eco-friendly Industry Sectors

Up to 15 km to:
the ring road of Sofia several railway stations the international airport the primary Bulgarian highways international roads E79, E80, E871

Yana Botunets

Stolnik

79
Chelopechene Gorni Bogrov

Dolna Malina

Grigorevo Petkovo

Aprilovo

80
1
Dolni Bogrov

871

Musachevo

Elin Pelin
Lesnovo

Doganovo

1
6
Krivina

Ravno Pole

Sofia-City

Busmantsi

Kazichane Gara Elin Pelin

Novi Khan

Lozen

Legend:
2 1 871

national motorway national main road international road

airport railway station etc.

recent developments

Location
The plots are strategically located on the main national road No. 6 (E871) between the two primary motorways in Bulgaria Trakia (A1) and Hemus (A2). They are less than 20 km from the centre of Sofia and benefit from quick and easy access to the main trade route passing through the country.

The Area
The proximity to Sofia, the excellent communication infrastructure and the cheap production factors have attracted numerous investors to the area. Thus, in the last few years several retailers, trading companies and manufacturers established their built-to-suit facilities in the area.

Strategic Infrastructure
The intersection of three of the ten panEuropean transport corridors (No 4, 8 & 10) is scheduled to pass in the area with the planned construction of the speed road RILA. It is included as a priority project of the Government for the period 2014-2020 and EU funding has been assured. The project has barely started with the exact route uncertain.
Selected distances in kilometers railway station: Stolnik (8), Elin Pelin (12) airport: Sofia (15), Plovdiv (110) port: Thessaloniki (300), Bourgas (365), Varna (435) city: Sofia (17), Skopje (235), Bucharest (385), Belgrade (400), Istanbul (565), Vienna (1040)

Environment
Nearly 1.5 million people live within 30 minute drive of the plots. In the immediate area workers are well qualified and normally are paid ca. 30-40% less than the average salary in Sofia-City. As Bulgaria is a member of WTO, NATO and the EU, local companies benefit from free access to the Common market (approx. 500 mln. customers).
Business environment lowest tax burden in the EU sound Government finances emerging industrial RE market lowest labour / running cost in the EU currency pegged to the Euro (1 BGN = 1.95583 EUR)

Description
The plots comprise two level regular shaped areas. Both of these have extensive frontage to international road E871. There are no easements on the plots. Plot A is surrounded by national and municipal roads. Plot B is adjacent to the UNIVEGs facility on one side and national and municipal roads to the other three. According to the master plan of Sofia-City, the RILA speed road is scheduled to pass between the plots. However, it is a remote outcome and alternative routes are also being considered. Currently, the plots are not serviced. There is electricity nearby and most developers normally drill water for industrial use and build their own drainage systems. As the plots are located in the municipality of Elin Pelin, rather than in Sofia-city, qualifying projects could obtain grant assistance from up to 30% of the project value under the National Rural Development Programme.

Zoning
The plots are located in an area which benefits from a planning consent which permits a shift in use to mixed industrial use with plenty of warehousing, light industry premises and office space. Recently, the municipality of Elin Pelin has initiated the development of a master plan which is expected to limit the development land in the area. The assigned 5-th category of the land ensures Early quick bid and easy could re-zoning negotiate procedure (ca. 6 mths, EUR 2 per sq. m.). investors appropiate zoning with the municipality.

Source: Master plan of Sofia Metropolitan Area (www.sofproect.com)

The plots are suitable for manufacturers,

wholesalers, logistic and trading companies interested in the BG/EU market. Established western companies could benefit from significant cost savings moving to the area. Real estate investors could exploit the long-term potential of the property.

The following options are available:

I. Simple sale
The freehold interest in either of the plots is offered for sale for cash. The deal is VAT exempt, subject to transaction taxes only.

II. Simple sale plus

The freehold interest in either of the plots is offered for sale after re-zoning. The owner will carry out the re-zoning on clients behalf on a cost plus 50% basis. The price will be payable in two equal installments: on signing of contract and after re-zoning. No VAT will be levied on the land but a 20% VAT may apply to all the costs associated with the re-zoning.

III. Profit sharing agreement

The owner is willing to consider partnership agreements with reputable & trustfully parties able to finance mutually profitable projects. While value will be created almost immediately via change in zoning and the development of large infrastructure developments, the projects should include the design and construction of green manufacturing and logistic facilities and should result in the development of competitive and profitable business unit. Initial feasibility studies project an IRR from 10% for a simple warehousing unit to more than 75% for some re-exporting operations over a period of six years. Custom feasibilities are available upon request on a fee basis.
All interested parties are invited to submit their offers by 31.12.2011 quoting: --- the plot they have interest to acquire ( A or B ) ----- the total amount in EUR and -----the option chosen ( I or II ) ---

The particulars in this brochure have been produced in good faith, are set out as a general guide and do not constitute the whole or part of any contract. Information is based on sources which we believe are reliable, but no warranty, either express or implied, is provided in relation to the accuracy or completeness of the information. All liability, in negligence or otherwise, arising from the use of the particulars is hereby excluded. Interested parties are adviced to consult a property advisor prior to investment.