Its so bad that youll probably be in line to get on a waiting list for its first night of operation. Rich Daddy Resort and Spa has entered the Bulgarian stage, designing to be the nec plus ultra of luxury living complexes on the Black Sea coast. In the style of a 19thcentury British mansion librarycomeCosta del Sol beachfront bar.
Archive for September, 2008
Rich Daddy resort for Bulgaria
Sunday, September 28th, 2008New multifunctional building for Evropa Boulevard in Sofia
Wednesday, September 24th, 2008Mapa International is investing in a facility that will feature office and warehouse spaces on Evropa Boulevard across from supermarket Metro2. The mixedpurpose building will occupy about 3000 sq m out of a 0.8 ha land plot. In addition, the investor plans to construct a multifunctional centre resembling a traditional mall with a total builtup area of 10 000 sq m, Stroitelstvo gradut reported.
City Center Sofia mall sold to Heitman for 101.5M euro
Monday, September 22nd, 2008Equest Balkan Properties sold its City Center Sofia shopping centre to US real estate investment management firm Heitman for 101.5 million euro, Dow Jones Newswires reported. The deal was announced on September 19 and should be wrapped up in November.
BLD to shed winter, seaside projects in Bulgaria
Monday, September 22nd, 2008Residential property developer Bulgarian Land Development BLD said it has put up for sale its holiday projects Riverland in the western ski resort of Borovets and July Morning in Kavarna, on the northernmost Black Sea coast.The fund is pressed to sell by shareholders demanding bigger profits and better return on equity, BLD executive director Dimitar Savov said, adding that the projects have attracted prospective buyers from Russia and the Middle East.
Willbrook to pour 40M euro in Bulgarias first green project
Tuesday, September 16th, 2008Real estate company Willbrook Management International will build a 40 million euro housing complex in Varna, said the companys executive director Daiana Voicu. Willbrook Diamond Residences will comprise 11 home buildings, recreation and entertainment facilities
Realtors luxury properties not hard to sell
Monday, September 15th, 2008Bulgarian property funds do not plan to raise fresh cash for investments and have no trouble selling their finished projects, major market players have said. The bulk of the companies have already secured resources and agreed bank loans, but owned up to
IsraeliBulgarian group to invest 250 million in eco project near Razlog
Thursday, September 11th, 2008Israeli investors Tidhar Group and Asim Real Estate Ltd., in partnership with Bulgarian Investment Group announced plans to collaborate on a mutual eco project called Razlog Village All Seasons Nature Resort.
Bulland Investments to build Nissan showroom in Veliko Turnovo
Wednesday, September 10th, 2008Bulgarian real estate investment trust REIT Bulland Investments has broken ground on a Nissan showroom and service centre in the northern town of Veliko Turnovo, executive director Valentin Karabashev has said.
Number of mortgage loans reaches 130 000 in June 2008
Wednesday, September 10th, 2008The mortgage portfolio of Bulgarian banks reached 130 870 loans at the end of June 2008, an increase of 32 228 over the same month of the previous year, data of the central bank showed.
Buy one apartment, get one free
Wednesday, September 10th, 2008This may sound like a freakish selling technique, and most likely, many developers would find that it really is.Irish investor PJ Doherty recently began to offer his clients a free apartment in Bulgaria, if they would purchase property in his development in Milford, a resort area in the northwest of Ireland, BBC reported.