Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

Bluehouse Capital Partners

Auto Union Centre Sold to Bluehouse Capital

Posted Tue, 13/10/2009 - 23:46

After purchasing the remaining 80% of Auto Union Centre to become the sole owner just a few months ago, Eurohold Bulgaria has sold the building complex to Bluehouse Capital for € 27.3 million. Auto Union Center is located in the Bulgarian capital of Sofia and houses an office complex with the same name. Claiming a profit of € 7 million from the sale, Eurohold will use the capital to satisfy outstanding debt owed to Piraeus Bank Bulgaria as well as invest in its remaining businesses. The company will continue as a tenant of the Auto Union Center office complex for now.