IMMOEAST holds a stake of 42.23% in the Bulgarian developer Prime Property. This firm has grown substantially since the entry of IMMOEAST and established a position as the leading property developer on this second largest market in South-eastern Europe.

In particular, Prime Property operates highly successful vacation apartment complexes on the Black Sea Coast and is preparing a number of large office development projects in Sofia. The development portfolio of Prime Property comprised six projects at the end of the 2006/07 financial year.