Its so bad that youll probably be in line to get on a waiting list for its first night of operation. Rich Daddy Resort and Spa has entered the Bulgarian stage, designing to be the nec plus ultra of luxury living complexes on the Black Sea coast. In the style of a 19thcentury British mansion librarycomeCosta del Sol beachfront bar.
Mapa International is investing in a facility that will feature office and warehouse spaces on Evropa Boulevard across from supermarket Metro2. The mixedpurpose building will occupy about 3000 sq m out of a 0.8 ha land plot. In addition, the investor plans to construct a multifunctional centre resembling a traditional mall with a total builtup area of 10 000 sq m, Stroitelstvo gradut reported.
Equest Balkan Properties sold its City Center Sofia shopping centre to US real estate investment management firm Heitman for 101.5 million euro, Dow Jones Newswires reported. The deal was announced on September 19 and should be wrapped up in November.
Real estate company Willbrook Management International will build a 40 million euro housing complex in Varna, said the companys executive director Daiana Voicu. Willbrook Diamond Residences will comprise 11 home buildings, recreation and entertainment facilities
Bulgarian property funds do not plan to raise fresh cash for investments and have no trouble selling their finished projects, major market players have said. The bulk of the companies have already secured resources and agreed bank loans, but owned up to
Bulgarian real estate investment trust REIT Bulland Investments has broken ground on a Nissan showroom and service centre in the northern town of Veliko Turnovo, executive director Valentin Karabashev has said.
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
Sofiabased investment company Investra will spend some 20 million leva in the construction of a retail and industrial park in Pleven, in northern Bulgaria.