Commercial and industrial parks in eight of the largest cities in Bulgaria
have been planned by property developer Investra. They will be incorporated under the TI Park brand and will offer a combination of warehouse, showroom and office space for companies, which trade with industrial goods, cater for businesses and need also warehouse and logistic services. Such projects will be developed in Sofia, Plovdiv, Varna, Burgas, Ruse, Stara Zagora, Pleven and Blagoevgrad. They will be built on plots ranging from 4 to 15 hectares and will have total built-up areas between 30,000 and 100,000 sq m. The first TI Park will be developed in Plovdiv, on the territory of Maritsa Municipality, and will have 50,000 sq m built-up area, parking spaces for 700 cars and 80 trucks. The development costs have been estimated at EUR 20m. Forton International is the leasing agent for the space.
Fairplay Properties invests EUR 220m by 2011
in holiday home developments in Panichishte and Sapareva Banya and in mixed use projects in Sofia. The Bulgarian real estate investment trust holds around 1.1 hectares of land in Studentski Grad in the capital where it expects to start the construction of office and retail space with total built-up area of over 24,000 sq m. Fairplay Properties is also buying out land in the southeastern part of Sofia where it has plans for large-scale residential project. The other significant projects of the company include a spa and health development in Sapareva Banya and holiday scheme next to the non-flowing lake Panichishte (pictured).
Complex of office buildings and hotel continues the development of the Sofia airport area
as a business center. The project, owned by Bulgarian company IHM, foresees the development of three buildings with total built-up area of more than 31,000 sq m near Porsche Center, the Avto Union Center and the business park Sofia Airport Center, which is currently under construction. The complex will feature 250 car parking spaces. The TBA of the office buildings will be approximately 18,000 sq m and as the hotel will exceed 13,000 sq m.
Orchid launched the construction of 16-storey building in Varna,
which will offer residential, office and retail space. The investment in the project is estimated at EUR 50m and its total built-up area exceeds 42,000 sq m. Located on Osmi Primorski Polk Blvd., the building will include three underground levels providing car parking and shopping space and a retail center on the ground and the first floors. Construction works are expected to be completed in spring 2010. Orchid Developments Group is a real estate developer, which is traded on the London Stock Exchange and is active in all real estate market segments in Bulgaria.
Shopping mall in Meden Rudnik adds to the retail space inventory in Burgas.
The project belongs to Bulgarian real estate developer Sun City. Its total built-up area will be around 60,000 sq m. This is the newest of series of developments in the coastal city, in which by the year end Burgas Plaza, a retail center with 29,000 sq m of gross leasable area, including a Carrefour hypermarket, should open, as in the period 2009-2010 another two are planned to deliver a total of 96,000 sq m of GLA.
Russian investor launches large holiday project in Pomorie
in which it will invest EUR 16 million. Rich Daddy Beach Resort and Spa will boast beachfront location, on a plot of 9,300 sq m, and will offer 189 bulgarian apartments with views to the Burgas Bay. The developer of the project is Russian-owned company Gudvin. The project manager is Elvistar. Besides apartments for sale, the complex will include five-star hotel with indoor and outdoor swimming pools, park and a spa center.
Source: novini - news24.bg
