On a Board Directors’ meeting held April 4, 2007 Health and Wellness REIT has decided on the acquisiotion of a EUR 17,5 mln worth real estae, BSE reported.

The property is near Varna, close to St. Konstantin and Elena and constitues a terrain of 24 013 sq.m.

This January a Health and Wellness REIT’s daughter company has aquired Hotel and Spa Rodopi and Spahotel Sredna gora, both acquisitions totalling as much as BGN 10,1 mln.

Recently Health and Wellness REIT increased its capital from BGN 750 000 to BGN 975 000 issuing 22 500 new shares at a nominal value of BGN 10.00 each.

The founders of the company include Aquafinance EOOD holding 40%, MF TBI Dynamic with 20%, MF TBI Harmony and Imo Activa EOOD with 10% each, а TC Imoti AD and Dukovzi EAAD 13,34 and 6,66 per cent respectively.