Aktiv Properties REIT (BUL:AKTV) said it will seek approval from its shareholders to purchase real estate company Rest and Fly from Super Borovets Property Fund REIT (BUL:SBPF) at a price between BGN 10.2 million ($5.65 million/€5.22 million) and BGN 10.8 million. Aktiv Properties plans to buy all of the shares of Rest and Fly, it said in a bourse filing on March 28, 2023. With the acquisition, the company aims to achieve a minimum average annual yield of 7.5% on its investment over the next eight years.

The proposal will be put to the vote at an extraordinary general meeting of shareholders on April 28, 2023. Shares in Aktiv Properties last traded at BGN 7.00 on the Bulgarian Stock Exchange, bourse data show.