European Convergence Property Company investment fund ECPC, the owner of Central Mall in Veliko Turnovo, said in a filing with the London Stock Exchange on March 31 that it had received a number of offers for the retail centre.
Israeli real estate developer Electra Group has started construction on its first Bulgarian project a gated residential community in Varna, to be named Botanic VIP Residence, the companys sales manager Petar Petrov told Dnevnik daily on March 30.
The financial crunch and a feeble dollar are not such bad news for the United States property market, Pari daily reported.
Investment company Winslow Developments has sold about 60 per cent of the apartments in its residential complex Winslow Gardens in Sofias Manastirski livadi borough even before starting construction on the first phase of the gated community, the company said in a statement on March 31.
A modern office and retail centre will spring up on the site of the former Ramstore hypermarket in Sofias Zapaden Park Western Park neighbourhood, Dnevnik daily reported. The project, which is still in an incipient stage, is developed by the plotowner Israeli national Ori Niv and his company On Bulgaria.
Sofias office space market registered another quarter of strong performance at the end of 2007, according to the latest MBL consultancy report.
German nofrills airline Germanwings, owned by Lufthansa, will renew flights between the CologneBonn and BerlinSchoenefeld airports in Germany to Bourgas and Varna airports in Bulgaria in May this year, according to its summer season schedule made public on its website.
After the success of the first four malls in Bulgaria, this sector emerged as one of the most attractive investments last year, Pavlina Nikova, project manager in Forton International consultancy, said, quoted by Pari daily.