Land Close To The Sea - ID 1983

Polish Company To Invest 90m Leva In Mall Construction In Bulgarias Varna 10/03/2008
Polish company Globe Trade Centre (GTC) will provide funding for nearly 95 per cent of the construction of Gallery Varna mall. Investment will total 89 million leva, investor.bg reported. This is the fourth mall project to be launched in the coastal city of Varna since the beginning of 2007. The project is still awaiting construction permit. Construction works will be finalised by the end of 2009. Annual rental income is expected to reach 9.5 million leva. This is the first GTC project in Bulgaria. The company already has several trade centres in Romania. It plans to construct two more trade centres in other big Bulgarian cities. GTC announced that in 2006, it acquired a 4500 sq m plot in Sofia, worth 1.55 million euro. more

Eurelated Property Price Boom Predictions Fail Coming True In Bulgarias Varna 12/03/2008
The price of property in the coastal city of Varna varied between 500 and 1500 euro per sq m,  head of the Varna real estate association (VANI) Dobromir Ganev said. Nearly 15 000 properties were offered for sale, said Ganev. The average prices were 700 to 800 euro a sq m, Bulgarian news agency BTA reported. Predictions of major price increase related to Bulgaria's EU entry have not become fact in Varna yet, said Ganev. The increase registered so far is one per cent per month. Ganev said that the demand for office property is expected to decrease. Office rent prices remain between four and eight euro per sq m. Price differences resulted mainly from the location of the building, said Ganev. After a price increase rents are expected to reach 10 to 15 euro per sq m. Some... more