Arco Invest, a unit of Estonian real estate group Arco Vara, started construction on a six million euro gated complex in Sofia. The complex, set to be the companys biggest investment so far, will rise in the
Archive for September, 2008
Estonian Arco Vara starts second housing project in Sofia
Wednesday, September 10th, 2008Investra to take on Plevens stopped industrial project
Sunday, September 7th, 2008Sofiabased investment company Investra will spend some 20 million leva in the construction of a retail and industrial park in Pleven, in northern Bulgaria.
Russian interest in Bulgarian property market grows
Sunday, September 7th, 2008There are times when the quot;Russian invasion quot; could be a pleasant surprise. When speaking of investments and buying property in Bulgaria, that is.
Lighthouse Golf Resort to open May 2009
Sunday, September 7th, 2008Lighthouse Golf Resort, the 70 million euro complex being built near Balchik on Bulgarias northeastern Black Sea coast, will officially open in May 2009. Some 50 million euro of the funds earmarked for
Stoyan Alexandrov When the property bubble pops, developers will invest in politicians
Thursday, September 4th, 2008When the availability of office spaces surpasses the demand, sometime in 201011, some of the investors will try to buy off politicians, banker Stoyan Alexandrov said in an interview for the 24 Chassa daily, answering a question whether the property bubble would soon pop.
Bulgarias Black Sea airports to have new terminals in 2011
Thursday, September 4th, 2008Bulgarian Black Sea airports of Bourgas and Varna will boast new passenger terminals in 2011, the firm that holds the concession on the two airports, Fraport Twin Star Airport Management, has said.
Two new parks, walking area to appear in Sofias centre
Thursday, September 4th, 2008The new detailed master plan for the western part of Sofia city centre, the area between the Hristo Botev, Alexander Stamboliiski, Maria Luiza boulevards and Pirotska Street envisions the construction
Bulgarian Iris to pour 30 million euro in first stage of Business Park Rousse
Wednesday, September 3rd, 2008Bulgarian construction firm Iris will put about 30 million euro into the first stage of construction of Business Park Rousse, managerial agent Rostislav Dimitrov said.
Bulgarian mall tenants stop paying rent over poor management
Wednesday, September 3rd, 2008Twenty tenants of Pfohe Mall in the Black Sea city of Varna have stopped paying rent to the Bulgarian mall owner, Luke REIT, over the poor management of the shopping centre, Dnevnik daily reported on September 3 2008.
Bulgarian housing prices again up more than 30 per cent
Wednesday, September 3rd, 2008Bulgarian home prices gained more than 30 per cent yearonyear in the second quarter of 2008, placing the country atop the global index of UKbased property consultancy Knight Frank, released on September 2.