Large Building Plot - ID 1814

Small Talk: No Sign Of Property Blues In Booming Bulgaria 09/07/2008
Everybody knows that property prices in the UK are heading south and that the spectre of negative equity is once again raising its head. Not so in Bulgaria, apparently. Last week, Bulgarian Property Developments was shouting from the Sredna Gora mountain tops after it managed to sell its logistics park in the Black Sea town of Varna for €15m (£11.9m), the valuation given to it by Colliers last Dec-ember. That is important, says its chief executive, Ivo Hesmondhalgh, not only because it helps bump up the group's cash position, but also because it goes some way to proving to investors that the group's net asset value is sound. Mr Hesmondhalgh was so chuffed, in fact, that he has decided to buy more shares in the group, a lucrative move since last Tuesday when BPD announced a 19p... more

Energy Busters 14/03/2008
Real estate development is a lucrative large-scale business. So it's unsurprising that some greedy investors have an interest in exploiting every square centimetre of their plot. Unfortunately, this attitude undermines the appeal of a building as well as the comfort and happiness of its residents. The sector's rapid development, particularly the "get rich quick" opportunities in Bulgaria, resulted in developers failing to heed the importance of quality construction. Thankfully, more intelligent investors are emerging who realise that sensible planning and energy conservation do not necessarily clash with the search for profits. Revised building regulations Legislation has also propelled change. Amendments to the Law on Regional Development, approved in 2006, stipulate that... more