A 75 million leva section of highway, only four km long and an integral part of the southern half of the Sofia ringroad has been officially opened for traffic on December 23.The project was predominantly funded from the state budget.
Construction on Mega Mall Lyulin, at the intersection on Blvd Tsaritsa Ioanna and Blvd Dobrinova Skala, has started. Initial work for the mall will focus on building the infrastructure linking it with the metro station, as the construction company is contemplating a direct link between metro station Zapaden Park and the malls underground parking lot.
Energy efficiency played a key role in naming the 2008 Building of the Year. The seventh annual awards were conferred at a ceremony at Ivan Vazov National Theatre in Sofia on December 15 2008.Winning this years competition was the Sveti Toma holiday complex at Cape Houmata, near Arkoutino by the Black Sea. The facility also won the title of Vacation Complex of the Year, both awards coming largely due to the fact that its traditional Sozopolstyle architecture blended harmoniously with the local environment, a press statement read.
Englishlanguage countries have shown a remarkable interest in Bulgarian property, according to data from Globaledge Portal, which has more than 1.4 million international orders for real estate from around the world.
After a calm first half of the year, about 65 000 sq m of class A and B office space hit the market in Sofia in the third quarter of 2008, which could drive the office vacancy rate in the Bulgarian capital, financial news website investor.bg reported on December 12, quoting a survey by consultancy firm MBL.
The offers for parcels and real estate along the route of Trakiya highway have dropped by up to 90 per cent over the past six months, Monitor daily reported on December 12. The land plots along the highway are well placed for the construction of logistical centres, petrol stations, auto services, motels and roadside restaurants, with the most popular segments being located at strategic intersections with other highways or close to major urban centres, the daily said.
The investment fund European Convergence Property Company PLC ECPC continues to search for a buyer for its only remaining asset Mall Veliko Turnovo after several offers for a potential transaction were withdrawn for varying reasonsincluding the economic crisis, ECPC told the media in an official statement.
The National Art Academy has signed an agreement allowing for research to be conducted for potential reconstruction and expansion of the academys building in Sofia, after a competition was held, selecting architect Stefan Dobrev for the task.