Tishman Nabs GE's Cut In $365M Bulgarian Office Park

Law360, New York (March 19, 2012, 7:55 PM EDT) -- California-based real estate firm Tishman International Cos. has bought out a European unit of General Electric from its €250 million ($365 million) joint venture in a Bulgarian office and industrial park, Tishman International said Monday.

GE Capital Real Estate for Central and Eastern Europe sold off its 50 percent stake in the Sofia Airport Center to subsidiary Tishman Bulgarian Real Property, in order to better focus on its core practice of being a real estate lender, rather than a developer, the companies said.

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