Luxury House In Prestigious Area - ID 2929

Bulgarian Funds, Investing In Land, Reach 60 000 Ha 14/03/2008
The combined land asset holdings of local real estate investment trusts (REITs) are approaching 60 000 ha, according to financial reports from some of the biggest REITs filed with the Sofia stock exchange. Elana Agricultural Land Opportunity Fund boasts the biggest farmland portfolio with 25 330 ha as of the end of January. The average acquisition cost is reported at 2 030 leva a hectare. REITs posted earnings of 47.865 million leva in 2007. No dividend will be distributed as the upside resulted solely from asset revaluations. The management is planning dividend payments after the rate of leased properties in the company portfolio reaches 90 per cent. The company has leased 17 000 ha for 2007/2008 at an average price of 130 leva per hectare. Advance Terrafund manages the... 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