10.01.2007
Bulgarian Land Development (BLD) have bought 56 thousand sq. m. building plot near Borovets. The purchase amounts to 5 million EUR.
The company plans to expand its business in Bulgaria and is going to build a luxury complex with villas and apartments on the bought plot in the popular ski resort. The new complex will be located in the nearness of golf course, spa springs, ski pistes and gondola lift.
The complex will be developed in two stages. The first stage will begin in 2008 and is planned to finish before the winter season of 2009-2010. The development of the project is valued at 50 million EUR.
According to the executive producer of BLD, Dimitar Savov, cited in money.bg, the property prices in the most attractive destinations in Bulgaria have increased with 30% during the last year, the average rise for the country is about 15 %.
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British fund bought 56 thousand sq.m. plot near Borovets
Bulgarian Land Development (BLD) have bought 56 thousand sq. m. building plot near Borovets. The purchase amounts to 5 million EUR.
The company plans to expand its business in Bulgaria and is going to build a luxury complex with villas and apartments on the bought plot in the popular ski resort. The new complex will be located in the nearness of golf course, spa springs, ski pistes and gondola lift.
The complex will be developed in two stages. The first stage will begin in 2008 and is planned to finish before the winter season of 2009-2010. The development of the project is valued at 50 million EUR.
According to the executive producer of BLD, Dimitar Savov, cited in money.bg, the property prices in the most attractive destinations in Bulgaria have increased with 30% during the last year, the average rise for the country is about 15 %.
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