Carrefour In Sofia Sold For 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 ownership of... more

Rousse Municipality To Sell Off Property In Industrial Park 11/11/2008
An 0.8 hа land plot in the industrial park of the town of Rоusse on the Danube River will go up for sale with a starting price of 25 euro a sq m. Mayor Bozhidar Yotov's proposal to sell the land needs only the municipal council's approval to go through.The plot is estimated to be worth 405 000 leva, according to a recent evaluation. Should the municipal council approve the sale, the town hall will call a public tender, inviting bids for the land.The plot is one of the smaller ones in Rousse's industrial park and can be used either as a warehouse or to house production facilities.Rousse's industrial park sprawls on 63.7 ha and is occupied, among others, by French auto maker Montupet, the local subsidiary of Spanish ceramic products maker Keros and Ubbicalia Bulgaria, a unit of Spanish... more

Office And Residential Property In Bulgaria 18/03/2008
The Bulgarian property market began to come alive a couple of years prior to the nation’s 2007 EU accession and has quickly moved from emerging hotspot where massive property fortunes could be won, (or lost!), to a mature market where there are factors and fundamentals supporting it - but also realistic levels of supply and demand that restrict pricing expansion. As a result of these facts, gone are the days of tiny property prices and huge Bulgarian real estate gains – at least according to Deyan Kavrukov, the head of an equity fund investing in the region.  But contrasting his opinion is word from a British based property agency that states that office and residential property in Bulgaria’s capital city of Sofia remains very much in demand and highly profitable.    So, where is the... more