Sweet House - ID 1716

Investors To Build Villa Settlements In Bulgarias Rhodope Mountains 12/03/2008
Bulgarian and Irish investors intend to construct six villa settlements in Banite municipality, near the town of Smolyan in the Rhodope Mountains. Banite mayor Raicho Danailov said that the investors will provide more than 100 million leva for the project. Three of the settlements will be constructed near the village of Bosilkovo, on an area of 600 000 sq m. Two Bulgarian-Irish companies already purchased nearly 500 000 sq of land, Bulgarian news agency BTA reported. Danailov said that Banite’s spa centre also attracted investor interest. A Belgian investor planned to construct tourism attractions in the village, he said. Three other new hotels will be constructed in the village in 2007 and will have nearly 200 beds. Banite region is famous for its healing mineral waters. more

Bulgarias Commercial Property Market To See Saturation 11/03/2008
The Bulgarian commercial property market is expected to face over-saturation in an average-term period, according to prognosis made by Absolute Capital Management (ACM) investment fund manager Robert Provine. The fund raised 100 million euro a year ago. It planned to invest in Central and Eastern Europe with a focus on Bulgaria and Romania. Despite its intentions, it has no project in Bulgaria yet, investor.bg reported. Provine said that the company preferred to concentrate its efforts on Romania and Ukraine for now. The large number of commercial property projects in Bulgaria made ACM managers conclude that the segment would soon reach saturation. The same predictions were recently made by consultancy company Colliers. The Bulgarian and Romanian commercial property... more