London-based property fund manager Europa Capital said on Wednesday it has signed an agreement to acquire a shopping mall in the Bulgarian capital Sofia for about 100 million euros ($146.7 million). The group, controlled by U.S. real estate investor Rockefeller Group International, is taking over the mall from General Electric Co's (GE.N) real estate unit, GE Real Estate, and Avestus Capital Partners, a Dublin-based property investment firm. This is Europa Capital's second investment in Bulgaria, after it bought a shopping mall in the country's second biggest city of Plovdiv for 20 million euros earlier this year. The deal for the Mall of Sofia, a 23,600 square metre downtown shopping centre will be financed by the existing lenders Hungary's OTP OTPB.BU and its Bulgarian unit DSK, Europa Capital said in a statement. ($1=.6817 Euro)
General Electric Company (GE) is a technology and financial services corporation. Shares of GE remained unchanged at $18.48. In the past year, the shares have traded as low as $13.75 and as high as $21.65. On average, 53431500 shares of GE exchange hands on a given day and today's volume is recorded at 3650.
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