Italian company CoVer Industrial won the tender for the construction of a business centre near Sofia Airport, Italian news agency Ansa said as quoted by Dnenvik daily.
The Bulgarian central bank reported on July 28 that the APR on new housing loans stood at 9.72 per cent at the end of June, up from 9 per cent in February.
Seven of the 20 malltype schemes currently under development across the country are located in cities with less than 200 000 residents, Q2 market data of real estate consultants Forton shows.
Engel East Europe N.V., one of the leading developers of residential and mixedused properties in Central and Eastern Europe, announced plans to withdraw from a project in the Sofia borough Gorna Banya, website investor.bg reported.The project envisioned a residential complex consisting of 430 flats, in which Engel held a 40 per cent share in a joint venture with Heitman Group, which held 60 per cent.
Turkish businessman Fuat Guven will be the new owner of Business Centre 1 in Haskovo, Bulgarian news agency BTA said.Guven was said to pay more than 11 million leva without VAT for the business centre.
Representatives of Sofias Sredets district and the Bulgarian Academy of Sciences National Archaeological Institute have declared their disapproval of the possible construction of an 80m high building on the site of the existing Hotel Rila.Investor.bg quoted Sredets district mayor Margarita Gouteva as saying such for her contingent at a public discussion on plans to construct a new building at the location.
Three out of Europes top five markets with the best location for industrial or logistics facilities were in Central and Eastern Europe, according to the European Distribution Report 2008 published by real estate consultant Cushman amp;Wakefield C amp;W.
For the months of May and June, supply on the residential property market surpassed the demand by 50 per cent, Katya Tsenova, the executive director of Address real estate agency, told a news conference on July 21.In an attempt to evaluate the current status of the market, there were a number of contradictory statistics made public by various agencies in the past several weeks, Tsenova said.