Equest Balkan Properties has completed the sale of the City Center Sofia shopping centre to Heitman European Property Partners III for EUR 101.5 mln. Equest, an investment company focused on commercial, retail and industrial property in South Eastern Europe, said the transaction volume represented a premium of EUR 7.5 mln over the March 2006 acquisition price, though CB Richard Ellis valued the asset in June 2008 at EUR 102 mln.
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