39 000 sq m agricultural land - ID 3316

Lewis Charles Fund Portfolio In Bulgaria Reaches 84m Euro 14/03/2008
Lewis Charles Sofia Property Fund Ltd has a portfolio of Bulgarian real estate developments worth 83.85 million euro, acquired at the cost of 43.1 million euro, with a total area of 567 950 sq m, the fund’s officials reported. Average residential price in Sofia stood at 927 euro a sq m in 2007, and in Varna it was 901 euro, according to Lewis Charles. The Sofia market will see a delivery of 1.4 million sq m of new residential units in 2008/2009, mostly offered off-plan, according to the fund’s analysts. They do not expect that new housing space will exert pressure on prices because the capital’s market is enjoying robust interest from new players. The trend will continue as infrastructure develops, according to Lewis Charles. Holiday properties in mountain resorts have seen higher... more

Another Largescale Property Investment In Bulgarias Kavarna 14/03/2008
Bulgaria's Linexa Property plans a 20 million euro investment in a new residential complex to be constructed in Bulgaria's coastal town of Kavarna. On July 6 Kavarna mayor Tsonko Tsonev revealed the plans for the new complex to be constructed near a golf course, SeeNews reported. Construction work had already began and the 420-apartment complex would be completed within two years, Tsonev said. The complex is the latest in a series of large-scale UK, Spanish and French investment over the past years. Some of the projects include the construction of a golf course, hotels and holiday villages. The increased interest in Kavarna property resulted in a record income from land deal taxes. Kavarna expected over two million leva for 2006, SeeNews said. The total value of the... more