New Bungalow Close To Varna - ID 3388

Fairplay Properties Buys Land Plot For 5.7m Euro 15/04/2008
FairPlay Properties real estate investment trust (REIT), part of FairPlay International Jsc, has sealed the deal to buy a 8700 sq m land plot in Sofia's Studentski Grad neighbourhood for 5.7 million euro, value-added tax excluded, Dnevnik daily reported on April 14. The land will be used to build an apartment building and an office building, the daily said. The REIt plans to invest 22 million leva in the apartment building, starting construction within months and completing it by end-2009. The office building will cost 35 million leva to build. The acquisition was funded with bank loans. News of the deal pushed the REIT's share price 1.58 per cent up to 1.93 leva in trading on April 14, Dnevnik said. It will be the first Sofia-based investment of the fund. In January, when... more

Shoumen Region To Spend 80m Leva On Road Repair 14/03/2008
More than 80 million leva will be invested in road reconstruction in Shoumen area by end-2009, regional governor Todor Todorov said on March 10 2008, as quoted by Bulgarian news agency (BTA). The first tranche, 10.4 million leva, has already been transferred. It is earmarked for the rehabilitation of second-class roads between the villages of Radko Dimitrievo-Hrabrovo, Hitrino-Struino, Vekilski-Nikola Kozlevo and Venets-Yassenkovo, he said. The necessary financing to repair two lanes of Hemus highway in the Kaspichan-Nevsha village section has been secured, as well, Todorov added. Construction on the new highway section between Shoumen and the village of Belokopitovo is expected to start in August. Repair works on the main thoroughfares Silistra-Yambol and Shoumen-Karnobat, funded... more