Cinema City sells two malls in Bulgaria for EUR 85m

CEE multiplex cinema operator Cinema City International (CCI) has agreed the sale of its Bulgarian real estate business to Israeli investor Israel Theatres for around EUR 85 mln. In a statement on Wednesday, the company said that the portfolio includes the Mall of Ruse which is expected to open later this year and the Mall of Stara Zagora which is at planning stage. Both assets are managed by the Resb unit, which is also part of the sale.

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