Two Plots - All Together 18 000 Sq M - ID 2188

Carrefour In Sofia Sold To Greek Fund For 200 Million Euro 18/03/2008
French retail giant Carrefour sold its development, which is currently being constructed on Sofia’s Tsarigradsko Chausse Blvd, to Greek fund Assos Capital, for roughly 200 million euro, Alexandros Papageorgiou, the new fund's managing director, said in a statement, as quoted by Kapital weekly. This is the biggest transaction in Bulgaria’s real estate sector since the start of the year and second-biggest re-sale in the segment, topped only by Landmark’s sale for 210 million euro, but ahead of the 180-million deal for Business Park Sofia. Carrefour’s transaction includes the land and the buyer's commitment to invest in the completion of the adjoining commercial centre, which now at its initial building phase. The world’s second-largest retail chain will retain the... more

Balkan Trade House Breaks Ground On 10m Euro Complex In Pazardjik 25/11/2008
Bulgarian architecture and engineering consultancy firm Balkan Trade House will spend 10 million euro to build a multi-task complex in the southern town of Pazardjik, according to Filip Tsanov, who advises the project.The Fountains complex will be funded by a tailor-made mortgage product by First Investment Bank. It will sprawl on 3.4ha and comprise 22 four-storey blocks of flats, a swimming pool, sports facilities, children's playgrounds, a kindergarten, a restaurant and an administrative centre.The first batch of 12 blocks is due for completion within a year, and the whole complex should be finished by the spring of 2011.The investor said apartments will sell from 550 euro a sq m and have already drawn potential buyers.The complex will have a floor space of 32 000 sq m with most... more