Logistics Park In Elin Pelin To Cost 125m Leva 10/03/2008
Industrial Park Sofia East (IPSE) logistics project in Elin Pelin municipality, 25km east of Sofia, would cost 125 million leva if current plans are developed fully, Alexander Gebov, head of Paladin Property Development, the industrial park’s project manager, said on March 5. It will spread on 70 ha of land, 96 per cent of which has been already rezoned from agricultural into land for construction development, and will provide space for light manufacturing, logistics and warehousing, benefiting from completely integrated infrastructure. The park will benefit from its proximity to two major traffic corridors, Trakia and Hemus highways, as well as direct access to railroad and Elin Pelin train station. The speculative part of the project is about 25 ha, most of which would likely... more

Bulgaria Property Fund Sells Unfinished Office Building For 17.5m Euro 20/03/2008
Bulgaria Property Fund (BPF) has concluded a preliminary contract for the sale of an office building on Sofia’s G.M. Dimitrov Boulevard for 17.5 million euro, excluding value-added tax, to be paid in instalments tied to the stage of completion of the building, Dnevnik daily reported. The buyer is Bridgecorp, the current owner of Landmark’s property portfolio, which, in turn, was sold to Alfa Developments only two days ago. It is not yet clear whether the BPF’s building, a subject of the yesterday’s transaction with Bridgecorp, was included in the aforementioned sale of Landmark’s property portfolio as of two days ago, Dnevnik daily said. The business building, with a total built-up area of 13 000 sq m, is currently under construction. It will feature 10 storeys of office units and a... more

Over 29 Of Bulgarias Property Deals Involve Foreign Investors 13/03/2008
Over 29 per cent of the property deals concluded in Bulgaria in 2006 involved foreign participation, executive director of real estate company Asta Bridge Anton Pankev said. Nearly 66.87 per cent of all foreigners who bought property in Bulgaria came from UK, he said as quoted by Bulgarian National Radio. The British interest was attributed to regular flights between Bulgaria and the UK. Irish investors concluded nearly 13 per cent of the property deals in 2006. Americans were involved in six per cent of the deals, Germans in four and Italians in three per cent. Data showed that 39.93 per cent of investors were interested in winter resort property, followed by sea resorts with 31.13 per cent. The capital of Sofia attracted 8.11 per cent of property buyers, Pankev said. UK... more