Property Near The Sea - ID 1381

Arco Invest Seals 8.1m Euro Deal For Apartments In Madrid Project 14/03/2008
Arco Invest Ltd, a subsidiary of Tallinn Stock Exchange-listed Arco Vara group, has closed a deal worth 8.1 million euro with Cleves Ltd for the sale of 45 unfinished apartments and 60 parking spaces in its Madrid project, the company said on its website on March 10. Arco will receive a 30 per cent down payment within 10 days and the remaining 70 per cent are due on receiving the habitation certificate. The buyer, English company Cleves Ltd, deals in luxury rentals and has announced plans to acquire a portfolio of about 200 high-profile apartments in prime locations in Sofia, earmarking 40 million euro to that end. The company has so far invested 33 million euro in more than 150 residential units, including in the Embassy Suites on Bulgaria boulevard, as well as the Este Home and... more

Italian Cover Industrial To Build Tishman And Ges Sofia Airport Centre 02/09/2008
Italian company Co-Ver Industrial won the tender for the construction of a business centre near Sofia Airport, Italian news agency Ansa said as quoted by Dnenvik daily.Investors in the development, Sofia Airport Centre, were Tishman and General Electric Real Estates. The investment was estimated at 250 million Euro.Tishman launched the construction of the first building of the business centre, Marketing Suit, in August 2007. By the end of 2007, General Electric Real Estate joined the project and shared the investment equally.The centre would be build in two stages. The first of which should be completed by the end of 2009. The whole project was expected to be finished by 2013, Dnevnik quoted SeeNews agency as saying.Sofia Airport Centre is planned to spread on 165 000 sq m, 100 000 pf... more