Trade Estates has completed the acquisition of a 50% stake in “VYNER LIMITED” for €49.35 million through its wholly owned subsidiary “TRADE ESTATES CYPRUS SSRM LIMITED”.
The transaction was signed on 3 November 2026, with “WYLDES LIMITED”, a wholly owned subsidiary of Fourlis Holdings, as the seller. On completion, Trade Estates indirectly holds a 50% stake in “SOFIA SOUTH RING MALL EAD”, which owns and operates Sofia South Ring Mall in Sofia, Bulgaria.
The company’s announcement follows the relevant update issued on 7 August 2026.
According to the listed company’s announcement, Sofia South Ring Mall is one of the largest and most established shopping centres in Bulgaria, with exceptional construction quality and world-class architectural design. It occupies a plot of approximately 64,500 sq m owned by the company and has a total gross built area (GBA) of approximately 174,500 sq m, of which around 69,000 sq m is gross leasable area (GLA).
The shopping centre has a particularly high occupancy rate of 98% and is home to more than 180 tenants, including leading international and domestic brands and retail groups, making it one of the country’s most important retail destinations.
The acquisition is part of the company’s investment strategy to develop and further expand its portfolio through selective investments in high-quality commercial property with strong operating performance.
«Through the transaction, it expands its existing presence in Bulgaria, strengthening the geographic diversification, complementarity and resilience of its portfolio. The investment contributes positively to the company’s long-term growth by strengthening its cash flows, alongside the intensive implementation of its development programme», the announcement concluded.