A consortium led by Varnabased construction firm Comfort was picked to build Grand Mall Varna shopping centre in the city, website investor.bg reported on August 28 2008, quoting developer Orchid Developments Group.
Israeli firm BSR Europe will build a mixeduse office and residential complex in the city of Varna on the Black Sea, Dnevnik learned from Anet Events, one of the agencies handling the companys public relations in Bulgaria.
Property developer Winslow Development has said that it would build two more gated residential communities in Sofia, but made no investment estimate. The company is already building one residential compound in Sofia, Winslow Gardens.
UniCredit Bulbank, Bulgarias biggest bank by assets, said it would extend a loan of 30 million euro for the construction of the Vertigo Building on Bulgaria Boulevard in Sofia.
Spains Fomento de Construcciones y Contratas FCC, hired to build a bridge spanning the Danube at VidinCalafat, has requested an extension to the project deadline and an increase in the implementation costs, a Transport Ministry official has said.
For several hours on August 22 2008, our web hosting server was unable to provide access to sofiaecho.com and to propertywisebulgaria.com, and we apologise to readers for the inconvenience.The problem has been addressed and we are confident that service will continue uninterrupted in future. Our thanks to all those involved in restoring the websites especially given the sites evergrowing popularity, and our gratitude to our readers who contacted us to inquire why they could not get to their favourite read.
Arco Invest, the Bulgarian subsidiary of Estonian real estate company Arco Vara Group, secured a new 15.5 million euro loan to refinance existing debt contracted for the construction of its mixedtype Boulevard Residence project on Madrid Boulevard in central Sofia.
After two quarters of decline, the number of construction permits issued by Bulgarian authorities in the second quarter of 2008 rose by 24 per cent to 4355, data from the National Statistical Institute data showed on August 21.