By Tracey MeagherFor those who are interested in profiting from Bulgaria’s buoyant property market but who don’t want the hassle of trawling through thousands of properties deals claiming phenomenal returns, Bulgaria Land Acquisitions might be the answer.
Bulgaria Land Acquisitions is a recently established investment fund formed to acquire and invest exclusively in Bulgarian land. The company, headed by Roland Morris, brings together some of Bulgaria’s most experienced real estate and investment talent, and is forecasting excellent returns. Already, land that was recently acquired by the company has increased from 20 Euro per sqm to 50-60 Euro per sq. metre. Annualised, the gain runs run into 100’s of per cent and that, says Morris is the type of deal that the company aims to achieve repeatedly over the next four years.
Ready to launch via an Isle Of Man company, the company is now seeking shareholders to take advantage of the excellent opportunity this fund offers. Essentially, profits will come back to the Isle Of Man and after that tax mitigation will be the responsibility of individual investors. The company plans to invest in several plots, ensuring diversification and minimising risk.
What kind of returns can those investing in the fund expect? “The directors of the company will benefit only exit, which will be a maximum of four years” says Morris. At that time the directors receive 20% of the profit, but nothing from the investors original input. The good news is that investors get 100% of their original investment back plus 80% of profits! Morris stresses that the fund is set up to severely limit expenditure and it is the company’s firm intention to utilise resources for the full benefit of all involved!
For further information about the fund contact
Roland Morris
