Stage Capital acquired a minority stake in The Mall, the largest shopping centre in Sofia, Bulgaria.

The Fund made its original investment while the shopping centre was still under development, but has since made two further investments.

The Mall is now operational and has become the premier retail destination in Sofia.

Stage Capital completed an exit of the The Mall in September 2017 through the sale to Hyprop Investments for €156m.

HEADQUARTERS
Sofia, Bulgaria

INVESTMENT DATE
September 2008

INVESTMENT THESIS
Asset acquisition

STATUS
Realised

INDUSTRY
Retail

STAGE CAPITAL TEAM
James Huckle