Excellent Plot For Investment - ID 2764

Invest Property Reit Sold A Plot In Vratsa For 1.6 Million Leva 14/03/2008
Invest Property REIT sold a property in Vratsa for 1.6 million leva to local company Ben Blick SP Ltd. Invest Property derived a 670 000 leva profit from the deal. The property is a 13 615-sq. m land plot regulated for industrial development. A year earlier Invest Property acquired 39 946 sq m of land in Vratsa's eastern industrial zone for 1.6 million leva. 12 months later the company managed to change the land's status and divide the property into five new plots. One of the new properties was sold to Ben Blick. more

Bulgarias Authorities Fail To Stop Overdevelopment Of The Black Sea Coast 14/03/2008
The massive overdevelopment of Bulgaria's Black Sea coast continues. The new law, which came into force at the beginning of the year to regulate construction in the area, seems to do nothing much to limit the worrying trend. Local media in Burgas alarmed that the building of a five-story hotel began on the beach near the ancient town of Sozopol, north of the resort Tsarevo on February 21. They argue that the construction site is illegal as it falls in a zone protected under the EU's Natura 2000 network. Ecologists scored some points with the recent structural plan for the Tsarevo municipality, located on Bulgaria's southernmost coast near the border with Turkey, which will prohibit construction in the area of the Veleka River's mouth, the Silistar zone and the forests... more