| |  25 April 2007 - Sofia Building Enterprise To Build BGN 71 M Mall in Sofia Sofia Building Enterprise said on Wednesday that it plans to invest at least BGN 71 M to build its Tsarigradski Mall in the Druzhba district of the capital.
The mall will have a built-up surface of 13,000 square meters on each of the three floors, as well as a three-level subterranean parking lot for 2,300 cars.
The blueprint also includes a total of 15,000 square meters of office space, a hypermarket, and a luxury penthouse restaurant.
The mall will be located near the Tsarigradski residential estate, now being built by Sofia Building Company, which is also the main shareholder of Sofia Building Enterprise.
The enclosed luxury estate and the mall will be built next to the Druzhba residential district on one of the capital's major thoroughfares, Tsarigradsko Shosse boulevard.
Both the 1,300-apartment estate and the mall will be completed in 2009.
Recognized as a major investment by the country's state investment agency BAI, the mall qualifies for state aid. The company plans to ask the government to expand a nearby road exit that would improve access to the mall. 23 April 2007 - Global Finance to Build EUR 50 M Real Estate Project in Sofia Greek investment fund Global Finance plans to spend more than EUR 50 M on a real estate project in Sofia's Iztok neighbourhood, one of the capital's most expensive districts, financial news website investor.bg reported on Monday.
The development will feature residential housing, offices and commercial spaces with a total built area of over 40,000 square meters.
The Greek fund has already acquired the land for the development for EUR 17 M, through its real estate arm, Global Emerging Property Fund.
The company, which has extensive investments in Greece, Romania and Bulgaria, will look into other real estate opportunities on the Bulgarian market, investor.bg claimed.
Global Finance's investments in the country have so far focused on the telecom, retail and food industries.
10 April 2007 - 10% of Investments in Eastern Europe to Flow in Bulgaria Some ten percent of the expected new investments in Eastern Europe will enter Bulgaria, because the country continues to attract foreign investors, the Oesterreichische Kontrollbank Aktiengesellschaft (OeKB) stated in a report.
Austria's central provider of financial services and information to exporters and capital markets measured the economic climate in 19 Central and Eastern European countries. The research showed that Bulgaria is very attractive and it ranks among the top four countries in the list. About 170 project have been planned for the region and 10% of them will go towards Bulgaria, OeKB experts say. Those projects are mainly in the industry sector. Bulgaria's positions are very good when it comes to the companies' expectations for the country's overall economic development in the following months. 10 April 2007 - Bulgaria "Third Most Profitable for Buy-to-Let" Bulgaria has been ranked the third most profitable country for buy-to-let investors, lagging behind Poland and the United Kingdom, according to a report of property investment firm Assetz. Bulgaria is followed by France, Turkey, Greece, Spain, South Africa, Cyprus and Portugal as the top ten most profitable locations. Poland offers a 165 % net capital gain on cash invested, the UK - 63%, Bulgaria - 54%, France - 51% and Turkey - 45%, according to the study. At the end of last month The Observer ranked Bulgaria, Turkey and northern France as the current hotspots for British first-time buyers overseas. | |
