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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 -

T W O p l o t s o f D e v e l o p m e n t l a n di n a n E m e r g i n g i n d u s t r i a l a r e a

o n t h e e a s t e r n p e r i p h e r y o f S o f i a

S t r a t e g i c L o c a t i o n E m e r g i n g I n d u s t r i a l H u b L o w D e v e l o p m e n t a n d R u n n i n g C o s t s U n i q u e I n t e r s e c t i o n o f 3 P a n - E u r o p e a n t r a n s p o r t c o r r i d o r s S u i t a b l e f o r a B R O A D r a n g e o f e c o - f r i e n d l y I n d u s t r y S e c t o r s

2 . 4 / 1 . 4 h e c t a r e s f o r s a l e / / c o - d e v e l o p m e n t

Up to 15 km to:the ring road of Sofia

several railway stationsthe international airport

the primary Bulgarian highways

international roads E79, E80, E871

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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 pan-

European transport corridors (No 4, 8 & 10) isscheduled 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.

Environment

Nearly 1.5 million people live within 30 minute

drive of the plots. In the immediate areaworkers 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).

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)

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)

Elin Pelinusachevo

Ravno Pole

Gara Elin Pelin

Lozen

Lesnovo

Grigorevo

StolnikYana

Gorni Bogrov

Sofia-CityNovi Khan

PetkovoAprilovo

Dolna Malina

Dolni Bogrov

Krivina

KazichaneBusmantsi

Chelopechene

Botunets

1

8

1

871 80

1

1

871

Doganovo

Legend:

national motorway

national main road

international road

airport

railway station recent developments

etc.

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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 projectscould 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 quick and easy re-zoning

procedure (ca. 6 mths, EUR 2 per sq. m.).

Early bid investors could negotiate

appropiate zoning with the municipality.

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

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All interested parties are invited to submit their offers by 31.12.2011 quoting:- - - t h e p l o t t h e y h a v e i n t e r e s t t o a c q u i r e ( A o r B ) - - -

- - - t h e t o t a l a m o u n t i n E U R a n d - - -- - - t h e o p t i o n c h o s e n ( I o r I I ) - - -

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 projectsshould 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.

The following options are available:

+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 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.