Jun
13
2008
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13.06.2008 г. |
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The complex, with a total built area of 525 000 sq m, should be operational by the end of 2012. It would be built in the immediate vicinity of Sofia"s central train station.Spanish and Bulgarian investors announced plans to build a new mixed-use compound in the vicinity of Sofia?s central railway station, SeeNews corporate wire reported on June 5.The complex, to be named Five Towers of Sofia, is estimated to cost 400 million euro, Krassimir Todorov of Source consultancy told SeeNews. The figure is an update from original plans because prices for construction of office buildings and retail sites has risen since conception of the project.The complex, with a total built area of 525 000 sq m, sh... |
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Jun
13
2008
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13.06.2008 г. |
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The bill, which is to shortly be put up for discussion with the investment community, is said to radically cut down REIT numbers from a current count of 60.The Financial Supervision Commission (FSC) has drafted changes to Real Estate Investment Trust (REIT) Act, which are intended to sift idle REITs from the market, Dnevnik daily reported on June 6.The bill will seek to double the minimum paid-in capital to one million leva, as well as oblige REITs to maintain a free float of at least 10 per cent.The bill, which is to shortly be put up for discussion with the investment community, is said to radically cut down REIT numbers from a current count of 60.The announcement was made by FSC head Apos... |
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Jun
13
2008
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13.06.2008 г. |
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Blagoevgrad is one of the most attractive municipal centres for those who want to invest in residential developments.Dutch-registered Redstone Holdings, a real estate manager and developer with properties in Bulgaria, Russia and Ukraine, announced plans to build a new shopping centre in Blagoevgrad, southwest Bulgaria, the company said.The 36 million euro investment will have a total built area of 48 000 sq m and 20 000 sq m of commercial and retail space, the company said in a statement. The centre is scheduled to open in 2011, and it will house leading international and local brands.Despite claims from Redstone that this will be the only mall-type shopping centre in town, another developme... |
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Jun
13
2008
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13.06.2008 г. |
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The compound will have a total built-up area of close to 400 000 sq m on a land plot of 50 ha. It will consist of single-family and two-family homes, as well as condominiums.Electra Bulgaria, the Bulgarian arm of Israeli investment company Electra Group, will invest 300 million euro in a residential project near the Black Sea city of Varna, weekly Stroitelstvo Gradut said. The company confirmed that it plans to build the biggest yet gated residential community in Bulgaria, called Electra Hills. The land plot it has selected for the purpose is near the Kalimantsi village, 15km northwest of Varna. The company has completed similar projects in Israel and Ukraine. The compound will have a... |
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Jun
13
2008
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13.06.2008 г. |
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Sparkassen Immobilien, listed on the Vienna Stock Exchange, has been active on the real estate market for 20 years. The company is focusing on long-term investments in residential, administrative and commercial buildings and hotels in Austria, Bulgaria, Croatia, Germany, Hungary, Romania and Slovakia.Sparkassen Immobilien, the real estate arm of Austria?s Erste Bank, plans to invest up to 300 million euro in Bulgaria over the next two to three years, Friedrich Wahernig, member of Sparkassen Immobilien board of directors said on June 11. Its focus in the medium-term would be office and retail space.Additionally, Sparkassen Immobilien has remained keen on financing real estate projects in the... |
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