House For Sale - ID 1501

Us ITT To Invest $400 Million In Bulgaria 11/04/2008
US company ‘ITT', active in the defence and civil sectors, plans to invest $400 million in Bulgaria, told from Balkantel, the company's local representative, quoted by Dnevnik a.m. ‘ITT' plans to build new production facilities as part of its local expansion. The company is after one of the major contracts for the modernisation of the Bulgarian armed forces: the procurement of communication and information systems for the general staff, land forces, navy and the air force, sources told Dnevnik. For the purposes Bulgarian Defence Ministry should pick a foreign strategic partner with prior experience in the development of systems employed. ITT has been chosen for that partner. more

Fighting For An Office 14/03/2008
Like other sectors of the property market, the office sector displayed stable growth during 2007.  Large cities - and Sofia in particular - remained the hub for most business investors. Cheap office rentals in major cities, such as the 12 euro a sq m charged in Business Park Sofia, would appear to be history. Monthly office rentals in Sofia and Varna were about 15 to 16 euro a sq m and unlikely to fall, according to Tanya Kosseva, executive director of Landmark Properties Bulgaria.  Sofia Overview Many prestigious developments will emerge in the capital city over the next couple of years. One is Sofia Airport Centre, developed by Tishman International and GE Real Estate CEE, set to add a further 100 000 sq m of Class A offices to the city. Units will rent at 16 euro a sq m a... more