Africa Israel Investments Invests 59m Euro In Business Park Varna 08/05/2008
Africa Israel Investments, an Israeli real estate developer, will finance Business Park Varna in Varna, on the Bulgarian northern coastline, Reuters news agency reported. Its subsidiary, AFI Europe, and Investcredit bank AG signed an agreement to this effect. AFI Europe will provide 59 million euro of the funds. The cost of the building and the three existing buildings was worth 76.5 million euro. Business Park Varna comprises 35 000 sq m of lettable office space. Another 15 000 sq m are under construction. The portfolio of AFI Europe includes 32 real estate projects in eight European countries. more

Trade Centre To Replace A Former Cinema In Gabrovo 14/03/2008
A shopping complex will grow on the spot of the former Maychina Grizha cinema in Gabrovo. Investment in the project is 20 million euro, Stroitelstvo Gradut weekly reported. The investor is Mall Gabrovo Ltd., the design was prepared by Uzunov Proekt, the contractor is Force Build and the consultant is Dihris. The gross actual area of the project is 15 400 sq m. The development will have seven levels - two of them underground - with more than 60 outlets, a hypermarket, fast-food restaurants, sophisticated bars and cafйs. The underground garage has 35 spaces. The second floor will house shops and the third floor will have a bowling alley and cafй, a piano bar, beauty parlour, internet club and casino with a cafй. On the fourth level there will be a restaurant seating 56 people with 24... more

Active Construction Works On The Southern Seaside Continues 02/04/2008
An endless serial of building sites and cranes, diggers and trucks is the view welcoming every visitor of the Southern Bulgarian seaside in the beginning of April.   The new building are optimally close to each other, so instead of beautiful view to the beach and sea waves, the tourists in 4 and 5 star hotels could see only buildings in construction process. If there is no building over certain terrain, it is extremely polluted - from usual plastic bottles to building wastes and scraps. The national direction of construction control makes examinations of the illegal construction by the coastal sea line. 193 orders for removing of illegal constructions on the beach stripe have been issued to the moment this year. The main violations of the law are connected with entertainment places. more