We acquired Park Center Sofia in 2014, and during the holding period, Revetas has successfully fulfilled its role as an experienced investment manager. Our team worked diligently to protect the asset’s value for our investors, navigating significant challenges from the Global Financial Crisis, COVID, inflation, and the debt crisis. Revetas successfully brought together a complex stakeholder structure to deliver a balanced recovery solution.
Name of the deal
Park Center Sofia Disposal
Information about the transaction
Revetas Group completed the successful disposal of Park Center Sofia shopping center to TSH Investment, a joint venture between Trinity Capital AD and HUS Invest AD. Park Center Sofia (PCS) made history as Sofia’s first modern shopping center when it opened in the spring of 2006. Spanning 22,000 sqm of GLA across two underground and four above-ground levels, PCS is strategically positioned in the heart of downtown Sofia, anchoring the bustling intersection of Arsenalski and Cherni Vryh boulevards. Home to a diverse mix of top-tier local and international brands, the center offers a dynamic retail experience that continues to attract shoppers and businesses alike.
Vlad Dragoescu, CEE Head of Portfolio Management at Revetas, added: “This achievement is the result of over two years of relentless effort, strategic thinking, and bold innovation. Navigating a complex senior debt restructuring and pioneering creative deal engineering, our team turned challenges into opportunities.
The date of closing the deal
2025-02-06
Value of the transaction (in EUR)
0
Yield
-
Seller, plus brief information about the company
Revetas Group is a vertically integrated international institutional investment platform, specializing in value-add, oportunistic, distressed opportunities and special situations.
With offices in New York, Vienna, Luxembourg, and London, Revetas Group serves a global investor base.
The Group has invested in and managed over $7.9bn in real estate and is supported by a team of 80+ professionals, bringing deep expertise and hands-on execution to complex real estate investments across Europe & US
Consultancy which advised Seller
Avison Young
Purchaser, plus brief information about the company
TSH Investment, a joint venture between Trinity Capital AD and HUS Invest AD
