Trade Estates acquires 50% stake in Sofia South Ring Mall for €49.35M

The transaction was carried out through Trade Estates’ subsidiary, Trade Estates Cyprus SSRM Limited, which acquired the stake from WYLDES LIMITED, a wholly owned subsidiary of Fourlis Holdings. Following completion of the agreement, Trade Estates now indirectly holds a 50% stake in SOFIA SOUTH RING MALL EAD, the company that owns and operates Sofia South Ring Mall in Sofia.

The completion of the transaction follows the company’s relevant announcement dated 7 August 2026.

Sofia South Ring Mall

Sofia South Ring Mall is one of Bulgaria’s largest and most established shopping centres. It is developed on a privately owned plot of approximately 64,500 sq.m., with a total gross built area (GBA) of approximately 174,500 sq.m. and a gross leasable area (GLA) of approximately 69,000 sq.m.

One of the property’s key characteristics is its strong operating performance, with an occupancy rate of approximately 98%. The shopping centre accommodates more than 180 tenants, including leading international and domestic brands and retail groups.

Trade Estates’ Investment Strategy

According to the company, the investment forms part of its strategy to expand its portfolio through selective acquisitions of high-quality commercial real estate assets with strong operating performance.

The acquisition of the stake in Sofia South Ring Mall further strengthens Trade Estates’ existing presence in Bulgaria, contributing to the geographical diversification and complementarity of its portfolio.

Furthermore, the company expects the investment to contribute positively to its long-term growth prospects and strengthen its cash flows as it continues to implement its development programme.