Poligraphic Services Buildings In Sofia To Become Class A Offices 24/04/2008
Bulgarian Land Development (BLD) fund, registered at the London stock exchange, announced the purchase of five buildings from Dimitar Blagoev Printing House in Sofia. The buyer, a joint venture between BLD and private investor Norhtridge Capital, acquired a gross actual area of 29 000 sq m, Investor.bg said. The buildings were part of an eight-building industrial complex along Tsarigradsko Shose in central Sofia, which once housed the state printing house. BLD and Northridge Capital announced that the buildings would be turned into 23 500 sq m of class A office space and 3 500 sq m trade floor, with 241 parking places, of which 183 would be underground. Total investment in the project was estimated at 50 million euro, with an estimated project value of 70 million euro, Investor.bg.... more

Russian Company Builds A Residential Complex At Bulgarian Seaside 27/03/2008
Russian holding Etalon-Len-Spets SMU (ELS), specialising primarily in residential construction, started its international expansion through a 30 million-dollar investment in a housing complex in Bulgaria, Property Xpress reported. The holding’s first project beyond Russia envisages the development of a luxury condominium near the Black Sea resort of Zlatni Pyassutsi (Golden Sands).Finance will be secured through foreign non-Russian banks. The gross actual area of the complex is projected to be 22 000 sq m. Apart from residential buildings, it will also embrace parking grounds and green areas. Construction is scheduled for completion by mid-2009 at the latest. ELS’s executives reckon that investment in housing compounds along Bulgaria’s coast is currently among  the most lucrative of... more

Colliers International Poland To Become Partnership 26/03/2008
Colliers International Poland has changed its company structure to a partnership, owned by twelve partners, the company said in a statement. The change took place in the fourth quarter of 2007 and marks the beginning of a new chapter in the company’s eleven-year history in Poland, the company said. Among the Colliers International Poland partners are Hadley Dean (Managing Partner), Ewa Czarnecka (Valuation Department), Monika Rajska-Wolińska (Property Management Department), Marek Ciunowicz, Marcin Kania, Paweł Skałba and Robert Karniewski (Office Agency), Maciej Chmielewski (Industrial Department), Peter Love (Asset & Property Management), John Banka and Neil Gregory-Eaves (Investment Advisory Group) and Alex Kloszewski (Hospitality Department). All partners are... more