Gramercy, the U.S. investment adviser, and its related companies are finalising the acquisition of Business Park Sofia EOOD and Business Park Sofia 2 EOOD. The acquisition is subject to approval by the Commission for Protection of Competition in the Republic of Bulgaria, for which the relevant notification to the regulating authority has already been submitted. Upon completion, the buildings of Business Park Sofia will have a total rentable area of 116.800 sq m, including 87.300 sq m of office premises, 21.800 sq m of storage capacity and 7.700 sq m of showroom area. By acquiring the two companies, Gramercy plans to expand its investment operations in the region, and the Business Parks Sofia Project will be key to this strategy. At the same time the large-scale investment program for completing the park will be finalized, the scope of services offered will be increased, as well as their quality, said the press release.