Bravo Property Fund REIT announced that it has signed a final agreement to acquire an office building in Sofia for BGN 71.4 million from local real estate company Office A. The deal will be partially financed with the proceeds of the capital increase. Bravo Property Fund REIT also placed a five-year BGN 30 million bond earlier this month. The office building, located near The Mall shopping centre, has a total built-up area of 14,479 sq m with six storeys of office space, a ground floor, and two underground levels with 240 parking spots. The operation of the building is expected to generate annual revenue of at least 4.6 million levs, according to Bravo Property Fund REIT. Office A is owned by two private investors - Asen Lisev and Pavel Kshonzhek, with stakes of 50% each. Pavel Kshonzhek controls his stake in Office A through his fully owned company Black Sea Development.