Jun
20
2008
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20.06.2008 г. |
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U.S. real estate investment management firm Heitman is the most likely new owner of the City Center Sofia shopping mall in the Bulgarian capital a source told Dnevnik.Heitman is involved in the business end of the sale talks with seller Equest Balkan Properties.The two sides to the transaction refused to disclose further information about the impending deal which is advised by Cushman&Wakefield.The same source said Heitman was also eyeing other projects in Bulgaria.A couple of months ago, Equest said it was preparing to dispose of some mature assets like CCS.The fund also recently announced the sale of another one of its local assets, the Serdika mixed-use office and retail scheme, to Un... |
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Jun
20
2008
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20.06.2008 г. |
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Europolis? analysis of the property market also infers that the purchase and renovation of a home in an existing building comes cheaper that having to buy from a newly-built development.An increase of eight to 10 per cent in loan applications for remodelling and furnishing has been registered in Plovdiv, the local office of real estate consultants Europolis said in a statement.Europolis" conclusion is drawn from the data provided by the Plovdiv branches of major banks. The average amount for the renovation of a two-bedroom apartment is between eight thousand and 12 000 euro, a three-bedroom home will take up to 18 000 euro, while to satisfy their taste for luxury, some clients may request up... |
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Jun
20
2008
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20.06.2008 г. |
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One of the green areas in Mladost that would be built up, according to the new master plan. Photo: sofia-mladost.comThe initiative committee of Sofia?s Mladost district?s residents, together with Zelenite political party (Bulgarian Greens), will stage a rally on June 23 at 7pm in front of the Mladost district hall to protest against the district"s urban plan, which envisions building up areas between blocks of flats and the ?destruction of green areas? in Mladost.The committee has created a website, where they put pictures and descriptions of all places that would be "destroyed", and called on fellow residents to ?Come to clearly express our standpoint and disagreement with this madness!?The... |
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Jun
20
2008
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20.06.2008 г. |
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Last year, Bulgaria reported an all-time high with investments into real estate of 2.15 billion euro.Foreign direct investments into real estate has been losing momentum in the first quarter of 2008, the Bulgarian National Bank (BNB) said in a report covering the January-March period.Investments worth 333.4 million euro in January-March is the lowest quarterly figure reported for the past two years, the BNB report noted.Experts ascribed flagging interest to the global financial crisis and the restricted and more expensive financial resource. The first signs of the slowdown appeared late last year when a score of investors started backing out from medium and large-scale projects.According to... |
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Jun
20
2008
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20.06.2008 г. |
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By 2010, the complex will be modernised and apart from hosting big international sports events it would also allow sports amateurs and professionals to train.Cherveno Zname (Red Flag) sports complex in Sofia will be renovated into a modern sports centre that would be able to host top international sports events, Construction-Entrepreneurial Holding EOOD (CEH), the contractor picked for the revamp, said, as quoted by Dnevnik daily on June 19.CEH was contracted by executive agency Social Activities with the Defence Ministry after winning a public bid to this effect. The ministry owns the land on which the Cherveno Zname complex is located.By 2010, the complex will be modernised and apart from... |
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