Bulgarian Property Development has purchased 2 properties for an investment of nearly EUR 2 mln. BPD is paying EUR 1.4 mln, excluding value-added tax, for a 53,676-m[sup]2[/sup] land plot in Ruse, Bulgaria, located within the new Ruse Industrial Park. BPD said it intends to construct about 18,000 m[sup]2[/sup] of warehousing and associated offices on the site over the next 2 years. The fact that the municipality of Ruse has already provided the industrial park with modern infrastructure will reduce the cost of site development, BPD said.
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