Two Houses In One Yard - ID 2428

Haskovo Mall To Cost 22m Euro 11/04/2008
Bulgarian firm Marsa plans to invest 22 million euro on Haskovo Mall, the first shopping centre of its kind in the southern Bulgarian town, investor.bg reported. The company has already secured a 4800 sq m plot some four kilometres from the town centre, in an area that is already shaping up as a major shopping district with several household appliance retailers and car dealerships, as well as convenient access. Haskovo Mall will have a built-up area of 20 000 sq m, featuring four storeys of stores, restaurants, cinema halls and a supermarket, as well as a two-level underground parking lot. "The size of the mall reflects that of the town and the area," Marsa shareholder Temelko Pampov said, as quoted by investor.bg. The catchment area of the mall is 200 000 people, mainly from... more

Orchid Convinced That Bulgaria Property Market Will Bloom. 20/03/2008
Losses have increased at Orchid Developments, a property and hotel operator specialising in Bulgaria, but the group says it exceeded expectations in its first set of results since it floated on AIM last July. Orchid (OCH) operates in commercial, residential and retail markets, and since the float has paid ВЂ21 million (ВЈ14.5 million) for three new development plots in Varna totalling around 38,000 square metres. It is continuing to develop its land bank and says land values are increasing rapidly. Five of OrchidВ’s projects are co-financed by the European Bank of Reconstruction and Development which has agreed a ВЂ30 million debt facility. This breaks new ground for the financing of real estate developments in Bulgaria, providing long-term funding that was not previously... more