Nice Countryside Villa Near Pernik - ID 3089

Billionaire Levievs Afi Development Doubles 2007 Profit 28/03/2008
Russian property investment company AFI Development Plc, owned by Israeli billionaire Lev Leviev, nearly doubled last year, boosted by the rising demand for high-quality office and residential space on Moscow market, the company said in a statement on March 27. Net profit rose by 93 per cent to $215.6 million year-on-year, from $111.9 million in 2006. The value of AFI's property portfolio went up by 4.6 per cent to $5.9 billion in the second half of 2007. Investment last year was $967 million, AFI said, without giving comparative figures. The company raised $1.4 billion in an initial public offering (IPO), performed in May last year. The amount of “fresh” resources will be poured in property purchases in the Russian capital, according to AFI’s prospectus.   AFI's London-listed... more

Uk Fund Invests In Holiday Village Near Bulgarias Bansko 13/03/2008
UK investment fund Lewis Charles Sofia Property Fund will provide finance for the construction of a holiday village near the village of Banya, not far from the Bulgarian ski resort of Bansko. The fund already signed a contract with Bulgarian Winslow Developments to regulate and develop the project, Bulgarian National Radio (BNR) reported. The project in Banya envisages holiday village including tennis courts, pools, spa centres, a restaurant and bars. The deal will generate earnings of nearly 113 million euro, Winslow Developments said. The company operates on the real estate market and so far implemented several projects in Bansko. In July 2006 Winslow developments set up a joint venture with the investment fund of Deutsche Bank, PREEF aiming to develop a project for the... more