Nice House Near Troyan Monastery - ID 2975

Winslow Developments Names Contractor For The Construction Of Winslow Gardens 26/03/2008
Investment company Winslow Developments has closed the tender for choosing a chief contractor for the first stage of the Winslow Gardens project in Sofia’s Manastirski livadi neighbourhood, the company said in a press release on March 25. Glavbolgarstroy won against competition from six of Bulgaria's largest construction companies. The first phase of Winslow Gardens residential complex, which was awarded a first-class investment certificate, will start in April. Its realisation will be carried out in partnership with RREEF – Deutsche Bank AG’s property investment arm. The investment in the gated community totals 200 million leva, 105 of which is allocated to the first stage of the complex. The rest is distributed as follows: 50 million leva for the second and 45 million leva for... more

Regulations For Municipal Property Swaps Revised 15/03/2008
Legal changes will limit the swapping of municipal for private property, it emerged after  parliament adopted three bills of amendments to the Municipal Property Act on first reading. Swaps will be done only on the initiative of municipalities for the purpose of implementing infrastructural or investment projects. According to the second bill, municipal property will be sold only by public auction, except when property is liquidated. The change of ownership from public to private or vice versa will have to be approved by two-thirds of the municipal advisers. Currently, only a simple majority is required. The third amendment is aimed at preventing the delay of expropriation of property when the owner contests the price in court. more