Super Borovets Project
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Glavbolgarstroy to be responsible for Bulgaria’s Super Borovets project Glavbolgarstroy will become the company responsible for the construction of Super Borovets project. The company will acquire the shares of Contract 99 in Rila Samokov 2004. The two companies have signed a preliminary agreement already, 24 Chassa daily newspapers reported.
Prior to the deal, the top shareholder in Rila-Samokov 2004, the company specially incorporated for the implementation of the Super Borovets project, was Glavbolgarstroy with 75%. The Samokov municipality, where the Borovets ski resort is located, owned 25% with the residual 8% held by Energokomplekt.
The project needs to raise at least 350 mln euros in investment over the next 3 years. The Super Borovets project envisages the construction of 100 km of ski runs and will add 25,000 beds to the resort's accommodation capacity. The new skiing facilities will have a combined daily capacity of 30,000-35,000 skiers.
The value of the deal has not been presented yet. According to unofficial information it varies between 25 and 30 million leva.
Glavbolgarstroy is the biggest construction company in Bulgaria, having almost 40 years of experience as a main contractor of public, residential, industrial, infrastructure and eco- projects. The company operates on the territory of Bulgaria, the Russian Federation, Ukraine, Byelorussia, Kazakhstan, Uzbekistan, Germany, Africa, Middle Asia and the Near East. The company is active also in the filed of investment projects, including large-scale projects of national importance.
Super Borovets features among the biggest tourism projects in Bulgaria. It also comes as one of the largest investment plans.
According to the project the winter resort of Borovets will be expanded and separated in three levels. The lowest part will feature family-type hotels that can accommodate up to 5000 people. The second level will be located where the current Borovets resort is found. It will be slightly more expensive and will have the capacity to accommodate 10 000 people.
Super Borovets is the third level. The level will turn into a five-star resort for the wealthiest tourists.
British investment fund Equest will become a shareholder in the company......tapped to expand local ski resort Borovets with an initial investment of 15 mln euro.
The Equest cash will finance the construction of ski lift linking the town of Samokov with the Borovets resort. The design of the facility is ready and talks are in progress with 3 foreign contractors.
February 22 is the date on which the Samokov municipal council is expected to approve a deal in which Vesela Kyuleva transfers her stake in the Super Borovets project to Glavbolgarstroy.
Super Borovets is a large project that would overwhelm an investor going it alone, noted Krumov.
A plan for the development of the resort has been drafted. It maps out a pace of infrastructure expansion matched to the bed capacity. According to the Balkantourist plan, the bed capacity of the resort, currently at 6,500, should not exceed 15,000.
Super Borovets envisages the phased construction of hotels and holiday villages with over 17,000 beds including sites at low altitudes.
Reasons for clients to invest in Semiramida Garden• The Semiramida Garden Development in Borovets is in the heart of the "Super Borovets" Project which is now moving forward due to large investments.
• "SuperBorovets" features among the biggest tourism projects in Bulgaria. It also comes as one of the largest investment plans. The Super Borovets project envisages the construction of 100 km of ski runs, the number of beds in hotels and apartment complexes is expected to double.
• The resort of Borovets will be expanded and separated into three levels, according to three different standards in service and amenities.
o Level one will feature family-type hotels that can accommodate up to 5000 people.
o Level two will be slightly more expensive and will have the capacity to accommodate 10,000 people.
o Level three is the "Super Borovets" and will be a five-star resort for the wealthiest tourists.
• The concept behind the "Super Borovets" is to expand the current resort and turn it into an "all year round" holiday destination. Visitors will be expected in summer season as well which will increase the potential of the resort and the rental returns of those apartments rented out.
• The project will offer diverse attractions to tourists including natural, historical and cultural interest. The area will have a good transportation infrastructure, and special attention will be paid to enthusiasts including those interested in hill walking and sports (including horse riding trails and a new golf course at the foothills of the Rila Mountains with spectacular views).
If you want to own a property in the five-star resort "SuperBorovets", please visit our exclusive first-class apartment complex “Semiramida Garden”.
Source: www.bgp.bg |
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The demand for quality office and commercial areas in Sofia increases
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The new Bulgaria Mall is making progress on Bulgaria Blvd. in Sofia. The construction will have built-up area reaching 80 000 sq.m. with nearly 25 000 sq.m. shopping areas, 20 000 sq.m. office areas plus luxury apartments. It is expected the investment to reach the amount of 80 million euros. Salamanca Capital Investments - a real estate investment management company based in London, managing over 1 milliard euros in various funds and developments - is the main investor of the project. First stage of realizing the large complex started in 2005 with the purchase of 15 000 sq.m. of land on Bulgaria Boulevard in Sofia near a Billa outlet. Surveying and planning activities were completed in 2006 while the building works will begin in the middle of 2007. The complex should be finished in 2009.
2006 was the year of shopping malls in Sofia with two of them opened in the very center of the city and many others being under development now. Some of the biggest projects of this kind are the commercial facility near the Sofia airport of the French company Carrefour with built-up area of 63 000 sq.m. estimated to 81,6 million euros; the complex of the Spanish Riofisa close to the Sofia central station, which is expected to cost 335 million euros and shall be ready in 2010; another Spanish company Fadesa also announced investment interest to build in the center of Sofia a multifunctional complex, which will be situated on surface of 14 000 sq.m.
Investing on the market of business buildings and commercial facilities proves to be the most profitable. Big investment companies are also attracted by the stable and secure Bulgarian market with its business areas sector expected to develop from now on. The construction of large multifunctional buildings, combining residential with business spaces, has been provoked also by the demand for office and commercial areas in Sofia as a trade center. More than 100 000 sq.m. of office areas appeared on the market for the previous year and thus the surface of such kind of properties in the Capital reached half a million sq.m. Still the demand for quality offices exceeds the offering which maintains the rental prices high and guarantees the stable capital returns of such investments
Source: www.bgp.bg |
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A Conference in the Capital Sofia Shows that Bulgaria is the Leading Country in South-Eastern Europe in Relation to Investment Reforms
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Over the last seven years Bulgaria has made impressive progress towards long-term stability and sustained growth. Raising investment and total factor productivity is very significant for continued growth. As Bulgaria entered EU, it has the opportunity to act on these challenges and set the economy on a higher growth path. To be effective, Bulgaria must enact several structural reforms in a stable macroeconomic environment, including improving human and physical capital, better public sector management, stronger labor market performance, and judicial reforms.
During the conference of the Economics Growth Council in Sofia this year the so called report “Investment Reform Index” was presented. All fields that affect the economic environment were discussed. These aspects are competitive power, accountancy and taxation policy, anti-corrupt combating, regulating reforms and human resources.
This report has presented Bulgaria in the light of a leading country when investment reform is concerned. The Investment Reform Index in Bulgaria shows levels above the average values for our region. These values are calculated as summary number of seven indicators.
Bulgaria is in the front line when Investment Policy is discussed. The country shares this position together with Romania. The index of this indicator is 4 units when the average index for the region is 3.8 units.
In the Investment promoting field Bulgaria ranks first beating Romania and Serbia. The levels here are 3.7 units when the average levels are 3 units.
Bulgaria and Romania are sharing first positions beating Croatia when the indexes in accountancy policy are concerned. Romania has higher level of anti-corrupt combating index showing 4 units in this position when our country shows 3.
Bulgaria, Romania and Croatia rank first when the trade part of the index Investment reform is discussed.
The Regulating reform yields the front lines to Bulgaria with levels of 4 units. The only index that shows weakness in the economic indicators is the Human Funds index showing levels beyond the average for the region.
Source: www.bgp.bg |
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“Dimyat” Restaurant in Varna to become a luxurious hotel complex
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One of the Varna city’s symbols, located in close proximity to the Cultural and Sports Centre and the Sea Garden, restaurant ‘‘Dimyat’’ will be transformed into a luxurious city hotel. That was announced by Dimitar Lefterov who is the owner of the restaurant and an investor of the future complex. Lefterov explained also that according to the project the new development will provide office and trade areas. 7 million euro will be invested in the new complex. Throughout the years “Dimyat” restaurant has served prominent people from our country and abroad. The place is well-known since the beginning of the last century when there was a pub as well. The building got its contemporary outlook in 1962 and 6 year ago it has been completely renovated. The new building will be 12 storeys high. The architectural plan is an achievement of the architect Natalia Lytskanova. The total area which is 3.3 thousand sq. m. will be cleared by the end of the month and the rough building works will start in May. The construction will be into two stages. The two higher parts of the development will be built first. One is planned to become a hotel complex and the other will be used for business purposes. There will be a lower building as well, which will be 8 storeys high. The hotel complex will be up to the 5 stars’ requirements and will provide 74 rooms, 8 small apartments, 5 medium and 1 big presidential apartment. All the hotel rooms will have sea view. There will be also a pastry shop with an own bakery, and a restaurant with a capacity for 200 people. The hotel section will have a Reception with an Administrative area, a foyer, a lobby bar, a cocktail bar, a currency exchange office, a conference section with a multifunctional conference room for 120 people, auxiliary premises. A trade area, night bar, indoor swimming pool (120 sq. m.), SPA centre, fitness, sauna and some store rooms will be arranged on the ground floor of the development. The entrance for that section will be separate from the entrance for the hotel, so the guests wouldn’t be disturbed. The business area will be located on the lower floors in the northern building. It will provide 28 premises, half of which will be for sale and the rest will be rented out. In addition an underground parking for 40 cars and above ground parking lots for 52 cars will be constructed. According to the investment project some of the trees in the area will be cut down, only these on the side will be preserved. Yet the whole area around the development will be beautifully arranged with a lot of greenery and flowers. The development is planned to start working from the next June. Lefterov explained that we live in a constantly changing world and the construction of the building answers the requirements of contemporary Varna. The investors hope the new building will become the new symbol of Varna with its vanguard design and to welcome many guests.The name of the new complex will be the same as of the former restaurant – “Dimyat”, which is already well known. The manager has the ambition to develop business and congress tourism, having in mind the excellent location of the future facilities.
Source: www.bgp.bg |
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Terms and conditions for residing in Bulgaria by foreigners and citizenship acquisition.
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The accession of Republic of Bulgaria to the European Union is a reason for a serious change in the Bulgarian legislation related to the regime for entrance, residence and leaving the country by non-Bulgarian citizens. The changes are related to the need to harmonize the Bulgarian normative acts with the European directives and to develop and apply rules that could guarantee the right for free movement and residence of the citizens of the European Union and the foreigners within the Community and outside it.In order to achieve this goal, the Bulgarian parliament accepted new normative acts and amended the ones that are already in force. On the first place, the concept “foreigner” was changed. A foreigner, according to the definition in the Law for the foreigners, is each person who is not a Bulgarian citizen or who is not a citizen of another member-state of the European Union, or of a member-state of the European Economic Area or of the Swiss confederation. Therefore, regarding the rules for entering, residing in and leaving the Republic of Bulgaria, the regime has double standards, depending on the citizenship of the person. І. Status of the citizens of the European Union, member-states of the European Economic Area or of the Swiss ConfederationFor the citizens of a member-state of the European Union, of a member state of the European Economic Area or of the Swiss Confederation, as well as for the members of their families, the regime for entering, residing in and leaving the Republic of Bulgaria is regulated in a special law. These persons have all the rights and obligations according to the Bulgarian legislation and the international treaties to which Republic of Bulgaria is a party, during their stay in Republic of Bulgaria, except those legal documents, for which Bulgarian citizenship is required. Entering BulgariaA citizen of the European Union can enter and leave the territory of Republic of Bulgaria with a personal identification document or a passport. A member of the family of a citizen of the European Union, who is not an EU citizen, can enter and leave the territory of Republic of Bulgaria with a passport and a visa, when such is required. The visa is issued according to the terms and conditions determined by the Council of Ministers, without paying any fees for processing the documents and issuing the visa and a visa is not issued if the person has a residence card issued by a member-state of the European union. Residing in BulgariaA citizen of the European Union can stay in Republic of Bulgaria with their personal identification document or passport for a period of up to three months. A family member, who is not a citizen of the European Union, can reside in Republic of Bulgaria with their passport for a period of up to three months since the date of entering the country. A citizen of the European Union can reside in Republic of Bulgaria for a long time or permanently, for which they are issued a certificate from the 'Police National Service'. The certificate for long-term residence is issued for a period of five years and is issued to a citizen of the European Union, who meets one of the following requirements: 1. The person is a worker or is a self-employed person in Republic of Bulgaria;2. The person has health insurance and the necessary financial means for covering the costs for residing in the country and the costs of the family members without posing burden to the social benefit system; 3. The person is enrolled in an educational institution for educational purposes, including vocational training, and meets the requirements under item 2. The certificate for long-term residence is also issued to a family member of a citizen of the European Union, who presents: 1. Identification document or passport;2. Document certifying that they are a family member and are in factual cohabitation with the citizen of the European Union. In order to receive a permit for long-term residence, the citizen of the European Union and their family members, who are citizens of the European Union, shall submit a petition to the 'Police National Service' no later than three months after the date of entering Republic of Bulgaria. The certificate for long-term residence is issued on the day of submitting the petition and contains the full names of the person and the date of registration. A member of the family of an EU citizen, who is not a citizen of the European Union, can reside for a long period or permanently in Republic of Bulgaria, for which they are issued a residence card, where the term of the residence depends on the term of the long-term residence of the citizen of the European Union, of whose family this person is a member. This person is required to submit a petition no later than three months after the date of entering Republic of Bulgaria, to the 'Police National Service' in order to receive a long-term residence card, for which they are immediately issued a temporary certificate. The right for long-term residence of a family member of a citizen of the European Union shall not be affected in case of a death, leaving, termination of the marriage or the factual cohabitation with the citizen of the European Union, if the person is an employee or self-employed person in Republic of Bulgaria or the person has a health insurance and the necessary financial means for covering the costs of their stay and the costs of these family members, without being a burden to the social benefits system and/or is enrolled in an educational institution for educational purpose, including vocational training. In case of a decease of a citizen of the European Union, the right for long-term residence of the members of their family that are not citizens of the European Union shall not be affected if they have resided in Republic of Bulgaria for no less than a year before their death. When a citizen of the European Union leaves the country, the right for long-term residence of his children or of the other parent shall not be affected, provided that the children reside in Republic of Bulgaria and are enrolled in a school from the national educational system or in a university until completion of the education. A citizen of the European Union or a member of their family who is a citizen of the European Union can receive a certificate for permanent residence if they have resided continuously for five years in Republic of Bulgaria and meet one of the following requirements: 1. They have worked during the last year toward the moment of terminating the contract as an employee or toward the moment of termination of their activity as self-employed person, have reached the retirement age or have a ground for earlier retirement and have resided continuously in Republic of Bulgaria for more than three years;2. They are employees or self-employed persons who do not work due to permanent disability and have resided continuously in Republic of Bulgaria for more than two years;3. They are employees or self-employed persons and their disability is the result of an employment accident or a professional disorder;4. They are employees or self-employed persons, who have continuously resided and worked in Republic of Bulgaria for three years and work as such in another member-state, while at the same time preserving their place of residence in Republic of Bulgaria and come back in the country at least once a week. When the employees or the self-employed persons have the right for permanent residence, the members of their family, who live together with them in Republic of Bulgaria, regardless of their citizenship, also have the right for permanent residence. The certificate for permanent residence shall be taken away from the person to whom it has been issued, if that person has not resided in Republic of Bulgaria for a period longer than two consecutive years. A family member of a citizen of the European Union, who is not a citizen of the European Union, receives a permanent residence card if they have resided continuously for a period of five years in Republic of Bulgaria together with a citizen of the European Union. The permanent residence card is issued no later than one month after submitting the application and is re-issued ex officio every ten years and it is taken away from the person to which it has been issued if the person is away from Republic of Bulgaria for a period longer than two consecutive years. The citizens of the European Union and their family members legitimize themselves through an identification card or a passport during their residence in Republic of Bulgaria and certify their right for residence through a certificate or a residence card. These persons are obliged to present the abovementioned documents at the request of the competent authorities. The right for entrance and residence in Republic of Bulgaria of a citizen of the European Union or a member of their family can be restricted by derogation and on grounds related to the national security, the public order or public health. For more information please contact www.bgp.bg |
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Legal advices from BGP
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About us
The legal department of the company consists of highly qualified, energetic young people, whose main concern is to provide comprehensive protection of the interests of the company’s customers in the fastest and most effective way.
For more than two years our team has specialized in legal services for foreigners, willing to become owners of real estate properties in Bulgaria or foreigners, who are willing to develop investment business on the territory of the country. Our experience gives us grounds to hope that we have deep knowledge of the provisions of the Bulgarian legislation related to the interests of the company’s customers. This fact makes us believe that the consultations we provide to our customers, as well as the advice we give them, protect their interests in the best way and are legally justified and easy to implement.
Objectives
We attempt to reach a maximum level of legal service to our customers by responding competently and rapidly to their needs of legal protection, as well as to their need to be represented before different state institutions and third parties in relation to the activity they perform on the territory of Bulgaria. Loyalty, sense of responsibility towards our commitment to the customer as well as protection of the personal information provided to us are the main principles of the company’s legal team.
Resources
Our hope for a high level of protection of the interests of the company’s customers stems from the fact that the legal department is also in charge of carrying out a preliminary in-depth research on the documents, proving the ownership of the property as well as the other requirements of the Law, related to each real estate property offered for sale by our agency. We have developed and we are successfully applying a scheme for checking each offer for sale of a real estate property, which must be first approved by our legal department before being offered to a potential buyer.
We have a fast access and regularly updated database and a structured well-arranged archive with documents for all the company’s customers, which contain information that we treat as confidential, but in case the customer requests so in a written form, we provide it to his or her partners and representatives. This gives our customers the opportunity to react rapidly in case they are requested to provide data on their status in Bulgaria.
The fact that our customers usually provide us with general powers of attorney gives us the opportunity to represent them before all Bulgarian state and local authorities, physical and legal entities, which participate in the relations concerning the purchase of real estate properties, as well as the opportunity to follow, register and declare on our customers’ behalf the facts and circumstances that shall be declared within the legal deadlines before the respective state institutions. This is a huge convenience for our customers because by trusting us they can be certain that all secondary legal obligations for them, related to the purchase of real estate properties, will be fulfilled in an accurate and timely manner.
Because of our willingness to assist our customers to the highest degree and to make all the stages of the procedure for purchasing a real estate property in Bulgaria fully understandable and easy to learn, we prepare the full set of documents in such a format that always provides the information not only in Bulgarian, but also translated into the language fluently spoken by our customer. All documents are prepared individually for each specific customer. In this way the customer can be certain of the contents of the documents, where he puts his signature.
Services
• Preparing documents for registration of a commercial company, explaining the content of the documents, providing assistance in the verification of the documents through detailed explanations on the methods for doing this;
• Registration of a commercial company in the competent Bulgarian court, as well as in the other state institutions; representation during and after the company registration before the respective institutions;
• Explanation and consultation on the activity of the commercial company, including information on taxes, fees and social insurance that are payable as well as deadlines for their payment;
• Representation before the respective state institutions, notaries, physical and legal entities in relation to the implementation of transactions for purchase and sale of real estate properties on the territory of Republic of Bulgaria, including payment of the purchase price on behalf of and at the expense of the customers to the account of the seller of the respective property.
• Review, research and preparation of legal statements related to the purchase of real estate properties offered by other real estate agencies or private persons, as well as representation in relation to such transactions. The service also includes providing legal consultation on the status of the documentation of the property and the seller, recommendations for providing additional documents, carrying out a research on the presence/lack of real burdens on the property;
• Preparation and verification of documents for changes in the circumstances registered in the court related to the already established commercial company. Clarifying the methods for implementing a possible change in the company file of the existing company, depending on the type of the change, required by the customer – change in the company address, accepting/dismissal of a partner, change of the managing persons, etc.
• Representation before persons, carrying out construction and sale of real estate properties as well as before other real estate agencies in relation to the conclusion of preliminary contracts for sale of properties, participation in negotiations with investors, preparing the preliminary contracts and explaining the legal consequences from the clauses in these contracts to the customers, carrying out the payment on behalf and at the expense of the customer, notifying the customer on the implemented stages of the construction, observation and strict surveillance on complying with the obligatory construction documentation by the respective investor;
• Preparing legal statements in the area of family and inheritance law.
• Representation before physical and legal entities in relation to conclusion of contracts with companies, carrying out repairs, administration and maintenance of properties, security and insurance services;
• Representation in relation to all other types of activities that are in the interest of the customer and have been assigned by the customer;
• For customers, willing to develop investment activity, we offer explanation of the general terms and conditions for performing economic activity on the territory of the country, the principles of taxation, consultation on the type of investment, the methods for attracting foreign capital, the conditions and procedure related to performing a real estate transaction, we also offer methods for securing risky investments, as well as other services
For more information please contact www.bgp.bg |
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Unparalleled various lakeside plots for wise investment
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Discounts from the price or the commission are available for purchasing more than one plot of land!
We are delighted to present to you this brand new offer of land for developing. Sifting through many locations we've found this lovely site for you to enjoy. Located only 69 km from the sea capital of Bulgaria - Varna and northeast of Shoumen, not too far from the town of Novi Pazar, away from the noise and stifling air of cities, it is the perfect spot for fishing, hunting and nature lovers. Located on the side of a beutiful freshwater lake, we have more than 50 plots to offer, in different sizes and distance from the lake, yet with equally beautiful view of the surrounding area. The nearby village has it's own forest. And another forest is close to the neighbouring village. Both are suitable for hunting. At present the plots represent agricultural land, but the regulation is obtainable. Our company can assist you in changing the status of your property.
For more information please contact www.bgp.bg |
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Lakeside Park - Traditionally styled apartments or detached houses just a stone’s throw away from a beautiful lake.
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General information Lakeside Park is situated close to the old village of Nikolaevka which dates back to the 1800’s and is a new ecologically dream location. It consists of stylish & comfortable apartments, plus five villas, that are being built next to a large freshwater lake close to the village which is near to the sophisticated and fashionable seacoast capital town of Varna.The village has a rural location with the added benefits of being close to the Black Sea Coast’s beaches.The lake itself is approximately 3 kilometers in length and already has an established reputation with Bulgarians and visitors alike as a popular place to picnic and fish.Lakeside Park is attracting a lot of interest and when completed will have a whole list of attractive extras including: - a swimming pool, a barbecue area, a spa & wellness centre, gym and sunbathing areas. It will include other attractions to keep the whole family happy including pool & darts and a reception area that will arrange much more.The concepts and ideas surrounding the building of Lakeside Park were simple and straight forward. To be in a peaceful perfect location, close to the fishing lake with a village outdoors lifestyle and fresh country air. All of these make the complex so much different from those high rise seaside apartments in noisy resorts.Every apartment has a spectacular lake view and across the water is a large wood. Being able to bring your children or grandchildren to a natural place like this is a wonderful plus too. Here they can mountain bike safely or swim in the pool or just go off exploring. Its appeal is for those amongst us who want to live in the traditional Bulgarian countryside enjoying life in a rural location but with excellent links to the coast and the sea capital, Varna. Varna is a dream that is waiting for you 15miles away (26km) and will soon be the place to be in, or near, in Bulgaria. A city bursting with cafe society, chique shops, restaurants, excellent shopping at extremely affordable prices and entertainment of all kinds. Welcome to Bulgaria’s best kept secret, the new beachside Prague! The village itself is a short walk away as are the mini buses to Varna; but you could take a taxi there too if you wish. A Lakeside Park the central theme is of course village life and rural Bulgaria which is all around you, but there are other opportunities here! There are many beaches, beauty spots and other small villages to visit within a one hour drive from your apartment or villa and many are around 30 minutes away, as is Varna airport. Lakeside was already a great opportunity to own in Bulgaria at an extremely good price, but the addition of the spa centre now gives it an added luxury feature. Here you can pamper yourself while the others go fishing on the lake; perhaps they will catch the monster carp rumoured to be beneath the still waters. Lakeside Park is located in a pleasant green meadow on a small hillside, with rolling hills and a small wood on one side of the lake. All areas are ideally suited to mountain biking and because of its rural location the roads are very quiet and free from large levels of traffic. The apartments and villas in Lakeside park complex are distributed in three buildings. Building 1 and 2 WILL BE COMPLETED BY THE END OF JULY 2007. Building 3 WILL BE COMPLETED BY THE END OF THE YEAR 2008! The construction of a villa will be completed for a period of six months, when you reserve one with a deposit of 2000 Euros! |
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Summerland Golf and Beach Club - Imposing holiday complex with wonderful sea view. Mortgage payment available.
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BGP has a great opportunity for investors or for anyone who wants to own a property in one of the most exclusive places on the Black sea coast – Kavarna town. Let us introduce you to the way of a stately gated complex of apartments which combines the warmness, coziness and safety of a proper house with the facilities, comfort and luxury of a high-class hotel. The charm of the traditional Bulgarian architecture is very well used with the latest trends in modern construction and design. We offer you the first part of the Summerland Golf and Beach Club complex. The development offers incredible and unobstructed sea view. It is located at about 300 metres away from the wide sandy beach of Kavarna, in a quiet area with relaxing nature around, in the boundaries of the town.
The complex is an ideal place for the golf lovers, as it is located very close to the three golf courses, which are in process of construction.
Except the exclusive location of the complex, its closeness to the sea and the lovely views, this unique property has still a lot more to offer.
The development will host 77 apartments, distributed in four blocks. You can choose from four types of apartments – studios, one- , two-, and three - bedroom. Additionally there will be an underground parking with parking spaces. Each apartment comes with a fully fitted kitchen and air-conditioning. |
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Private property management, maintenance and letting services
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Private property management, maintenance and letting services Among the reasons most people are interested in purchasing property in Bulgaria, is the good rental return of the investment and constant capital growth. Because of the fact Bulgaria gains wider popularity in accordance to both ski and beach resorts and turns into preferable destination for foreign tourists. Real estate properties in Bulgaria have big potential for letting out and hold out prospects for good occupancy and therefore good return of the investment. Important precondition is the integration of Bulgaria to the European Union, which leads to investment in infrastructural improvement, preservation of cultural and historical monuments and development of tourism as one of the most profitable economic sectors. Marketing situation at the moment allows gaining rental return of about 6% first year and 8-10% during the second and next years. This rental return depends on several factors: location of the property, condition (furnishing, reconstructions), advertisement, etc. In relation to the letting of commercial properties and holiday apartments in Bulgaria, our company organizes: property marketing & advertising; - arranging property presentation and advertising including presentation of the property to tour operators and travel agencies;
- full accounting, tax payment and property expenditures;
- cleaning and laundry;
- cable television, Internet and telephone installations;
- supply of all necessary licenses and rental documents;
- transportations from and to airports, bus and train stations;
- key management and more.
For more information please contact www.eastmanagement.com |
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Mall of Plovdiv to open doors by Autumn 2008
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The construction of Mall Plovdiv has started in 2006. The development is located on a footprint of 17 000 sq.m. Investors of the stately project are the Israeli Aviv Group Corporation and Cinema City International, which are also investors of Mall of Sofia.The trade complex is situated on the тerrain of 17 000 sq.m. between ‘Freedom’ Boulevard and ‘Perushtitsa’ Street in the city of Plovdiv. The total investment in the development will be about 40 million euro, the Executive Manager of the project Petar Dydolenski said.The mall, comprising 1 underground and 3 above ground floors, will have a built-up area of 45 000 sq m. A hypermarket with total area of 3000 sq.m., an open - door café, a pharmacy, a bank and a fashion boutique will be placed on the ground floor. A specious store for white and black electric appliances, with total area of 1000 sq.m. will be located on the first floor. The second floor is intended for amusement and places of entertainment. A fast food, a big restaurant with open terrace, a bookstore, music shop and children’s playground will be placed there. A large multiplex with 12 cinema halls will be situated in the Mall of Plovdiv as well. The complex will have on its disposal a specious parking with 700 parking lots. More than 50% of the trade areas of the Mall are already reserved. The total rent area of the trade centre is about 22 000 sq.m. The complex won’t be offering any office area.The square surface of the different stores is between 20 and 3000 sq.m. The biggest tenants are Cinema City (more than 3000 sq.m.), Piccadilli (2400 sq.m.), Technomarket (1500 sq.m.) and Happy (more than 650 sq.m.). The contracts are long – term ones, with a period of time between 5 and 10 years. The rent prices are not specified, they will depends on the tenants' specifications, the business activity and turnover and the location of the relevant trade area. It is expected 100 % of the trade areas to be reserved by the end of 2007. The entire infrastructure around the complex is already done. Two new streets, new water-mains and sewerage are constructed around the development.
Source: www.bgp.bg |
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Kavarna region grows up day after day. It becomes one of the most preferred areas along the Black Sea coast
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The unique natural potential of Kavarna is crucial for its social-economic aspect and development prospects. The combination of beautiful nature and interesting historical sights, works for the region around Kavarna to become an attractive tourist destination.The nature as well as the infrastructure determines the tempting look of the seaside resort. The area has become very popular among the golf lovers because of the construction of three imposing golf cours’ projects between the towns of Balchik and Kavarna. A lot of stately new developments have been constructed in the area for the past few years as well. Kavarna City Centre is the newest project in the town. It will combine both trade areas and administrative units. The development will be located in the town centre and will spread over an area of 12 700 sq.m. EUR 4 MLN is the project’s investment, which construction is planned to take about 18 months. BGN 700 MLN is the total invested amount in the Kavarna region for the past few years. BGP Services is one of the first real estate agencies which have started offering real estate developments in the area. Our company has tried to focus the foreign investors’ and buyers’ attention to the region of Kavarna so it could develop even more. Some of our first offers were the complexes Kavarna 1 and Kavarna 2. The owners of the apartments already enjoy their summer vacations close to the seaside. Source: BGP Services Ltd |
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