Platinum Business Center

Owner: Bulgaria Platinum Group JSC

The project consists of 3 connected buildings consecutively built from 2000 to 2008. The project was purchased in June 2016. R&M Management was immediately assigned from Bulgaria as a Management Company provider.

Platinum Business Center consists of 9,470 Sq m gross build-up area; over 6,700 Sq m gross rentable area; 8 floors and additional 210 Sq m of terraces; 2-level underground facility to serve 70 parking lots in a 1,515 Sq m of space; an open parking area; 6 Schindler passenger elevators. Adjusted to the Building Complex there is a plot of 667 Sq m suitable for further development.

Photos by Nick Pandev

Among the most important facilities are the telecommunication ones - Ethernet, ISDN, and video conference facilities; the central heating and air conditioning facilities; Utility - EIB on-site system with a connection to two city zones of electricity and two own transformers Siemens.

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Project Activities

R&M Management Ltd. was involved in the project from the beginning of 2016 as a consultant;

Survey (inspect, investigate) of the company Bulgaria Platinum Group (as an owner of the activity);

Full due diligence (financial, legal, technical);

Purchase phase (due diligence – legal, transaction and mortgage);

Financing phase (auditing the company, investment loan application and management, tax planning and structuring the purchase);

Property management phase (maintenance and renovation);

Facility management (service agreements and activities);

Marketing and lease services (lease agreements administration and negotiations)

Business Overview

The project has approximately 8 million euros investment. During the purchase phase, two major tenants determined their lease agreements. The occupancy then was less than 60%. For only a few months R&M Management increased the occupancy by 20%, reaching 80%.