The first sod was turned on the Winslow Gardens residential project in Sofias Manastirski Livadi borough, investor.bg reported.With this, developer investment firm Winslow Developments, starts work on the first stage of the gated community, which will cost 105 million leva and is scheduled for completion in mid2010.
ING Real Estate Development ING RED, the real estate branch of the ING group, was planning to start a largescale real estate project in the centre of Bucharest, Investor.bg said.
The proposal for construction of a building immediately behind the Russian Church in the centre of Sofia was withdrawn on April 22 by the same person who entered the proposal, Sofias chief architect Petar Dikov.Dikov said he annulled the proposal because he had not seen the drawing for the project, Bulgarian daily Dnevnik said.
Commercial property developer Parkridge wants to build the second mall in the town of Veliko Turnovo and has already held talks with mayor Roumen Rashev on the issue, Dnevnik daily reported on April 21.Parkridge is ready to invest 30 million leva in a multipurpose commercial project, which would spread on a plot of around 1.5ha, Rashev said, as quoted by Dnevnik.
At last years edition of Balkan property exhibition BalPEx, vacation real estate in resorts were everyones darlings, but this year it looks like malls, office buildings and industrial parks will be the main drivers of growth on the real estate market, Dnevnik daily reported on April 21.The vacation segment of the market is oversaturated, causing investors to look elsewhere, according to the daily. As a consequence, a large number of projects presented at this years edition of BalPEx, which ended on April 20, were for commercial and industrial real estate.
Commercial property developer Parkridge wants to build the second mall in the town of Veliko Turnovo and has already held talks with mayor Roumen Rashev on the issue, Dnevnik daily reported on April 21.Parkridge is ready to invest 30 million leva in a multipurpose commercial project, which would spread on a plot of around 1.5ha, Rashev said, as quoted by Dnevnik.
Evromarket Group plans to invest 160 million euro in eight industrialcommercial parks that would be built over the next two years, Dnevnik daily reported on April 18 2008.
Balkan real estate expo BalPEx, one of the largest of its kind in SouthEastern Europe, opened its doors on April 18. For three days, the event will showcase more than 150 urban and vacation developments, office, commercial and industrial space worth in excess of two billion euro.