About SOGELEASE Bulgaria:
Regional Fund for Urban Development JSC and JESSICA initiative Regional Fund for Urban Development JSC (The Fund) was founded in 2011.
The Fund manages part of the resources of JESSICA initiative for Bulgaria, secured by Operative Program Regional Development 2007-2013. The main goal of the Fund is to stimulate the local authorities and the private business to invest in projects for urban development with significant social effect, which however have lower economy return than the average for the market and for that reason would not be possible to happen through the usual forms and conditions for financing (“Urban Projects”). The Funds aims to provide financing under the form of loans and share participation in projects for urban development in the 6 big towns of Bulgaria – Plovdiv, Varna, Burgas, Russe, Stara Zagora, Pleven.
Major shareholder in the Fund is Societe Generale Expressbank JSC and minor shareholders are Elana Holding Jcs, Elana Investment JSC and Bolkan Advisors JSC.
JESSICA stands for “Joint European Support for Sustainable Investment in City Areas”. In Bulgaria by the power of a signed agreement, the Regional Fund got a mandate to manage 36,9 MBGN of the resource of the Holding Fund, while the leading partner of the fund - Societe Generale Expressbank took the engagement to co-finance the projects with a double amount - 73,8 MBGN.
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