Black Sea Property Fund to build apartments in ski resort Pamporovo
 |
 |
 |
 |
Black Sea Property Fund to build apartments in ski resort Pamporovo
The Black Sea Property Fund, managed by Jersey-based Development Capital Management Limited, said it will invest 6.9 mln euro in the construction of 300 upmarket holiday apartments in Bulgarian ski resort Pamporovo, in the Rhodope mountains, to take advantage of the opportunities for year-round tourism in the area.
The complex, which will also incorporate retail, spa and restaurant facilities, should be completed by the start of the 2007/2008 winter season.
The Black Sea Property Fund was listed on the London Stock Exchange’s AIM in March 2005. Some 40% of the proceeds from the flotation have been invested in 5 projects in Bulgaria, including schemes for a combined 2,800 apartments.
In related news, Dow Jones Newswires reported that Irish financial group Hibernian has just launched a European Residential Property Fund which will concentrate initially on the Eastern European countries which are new members of the EU or are waiting to join.
The European Residential Property Fund says it is the first to offer investors an indirect route into residential property investment: most funds offering access to property investment concentrate on commercial property only. The Hibernian fund will invest initially in city center apartment blocks in Warsaw and Prague and in holiday accommodation in Croatia and Bulgaria.
Lewis Charles Sofia Property Fund and Bulgarian Property Developments and are the other 2 AIM-listed funds created for investment in Bulgaria’s property market.(Dnevnik)
More news:
Invest 64 million euro in the first business park in Plovdiv
Funds for agricultural land have nearly 600 thousand decares
The new offices Sofia in 2008 will not meet demand
More investment in property transactions are expected in Bulgaria in 2008
Build residential complexes for 73 million BGL in Sofia
Spanish Riofisa presents its 270 million euro Civis Center
Bulgarian property sector to post even growth in 2008
Hotel developments devour 9,200 ha of fields, forests
Bulgarian Land Development to invest 27 mln euro in new ski resort
Bulgaria Property Moves Upmarket Away from its Traditional 'cheap 'n' cheerful' Image
Eli Egosi: Grand Mall Varna will be a Landmark
Bulgaria's Linexa Lansdowne Co. Gets 1st-class Investor Certificate
Grand Mall Varna will be a Landmark
Tishman to open property presentation suite for Sofia scheme
Foreign Investors Interested in Properties in the Rhodopes
INVESTORS TO BUILD VILLA SETTLEMENTS IN BULGARIA’S RHODOPE MOUNTAINS
HOTELS AND VACATION COMPLEXES OFFERED FOR SALE IN BULGARIA
New Bulgarian mountain resort to absorb 255 mln euro
BULGARIA TO DEVELOP FURTHER ECOTOURISM OPPORTUNITIES
Bourse listing for FairPlay Properties
Property investors observe Bulgaria's progress
Shop till You Drop: Bulgaria Gets a Mall
Offplan tax break homes in Spain from £32,000
EBRD to invest 500 mln euro in Bulgaria over next 2 years
UK Investors Snap up Properties in Bulgarian Resorts
Prime Residential Areas in Bulgaria at EUR 820-1650m2 2005
Bulgarian property market may get huge boost from tax changes in Britain
Realtor to invest 200 million euros in Balkans
Equest Balkan Properties Raises GBP140 Million In AIM Float
Estate Agents Urged to 'Sell SA First'
BULGARIA'S PAMPOROVO RESORT KEEPS CURRENT INFRASTRUCTURE PRICES
Equest Balkan to raise cash for property investments in Bulgaria
Equest Balkan to raise cash for property investments in Bulgaria
Investment transactions with real estate seen at 1 bln euro in 2005
Bulgaria s Real Estate Trusts Lure Investors to the Black Sea
Varna leads Bulgarian property market price-wise
Bulgaria to Build EUR 118 M Golf Courses
Developers bet on gated seaside communities
Golf project proposed for Razlog area
2 Bulgarian hotels earn Thomson kudos
Equest fund to invest in residential, holiday developments in Sofia, near Bansko
Greek Alpha Bank eyeing expansion in Bulgaria
Golf project for Pavlikeni area, Veliko Tarnovo District, tabled by Icelandic firm
Proceeds from Sunny Beach power distributor sell-off may be invested in resort infrastructure
Spaniards to Build Golf Complex near Sofia
REWE Intends to Invest EUR 100 M in Bulgaria
4-Star Bella Vista Beach Club Offered for Sale
In aftermath of Mall of Sofia deal, GE mulls further Bulgarian investments
Lewis Charles Fund to Raise Capital for Investment in Bulgarian Properties Sofia
Bulgarian property investors Bansko hit the slopes
Latest offers:
For rent Maisonette in town Sofia - Centre 1250 EUR
For sale Apartments 2 Bedroom in town Sofia - Centre 143000 EUR
For sale Apartments 1 Bedroom in town Sofia - Ivan Vazov 102500 EUR
For sale Studio Apartments in town Sofia - Centre 97000 EUR
For sale Apartments 1 Bedroom in town Sofia - Centre 105000 EUR
For sale Apartments 2 Bedroom in town Sofia - Centre 390000 EUR
For sale Studio Apartments in town Sofia - Centre 133000 EUR
For rent Apartments 2 Bedroom in town Sofia - Centre 1250 EUR
For rent Maisonette in town Sofia - Centre 1250 EUR
For rent Apartments 1 Bedroom in town Sofia - Centre 720 EUR
For rent Apartments 1 Bedroom in town Sofia - Centre 720 EUR
For rent Maisonette in town Sofia - Centre 1500 EUR
For rent Apartments 2 Bedroom in town Sofia - Izgrev 1200 EUR
For rent Apartments 2 Bedroom in town Sofia - Centre 800 EUR
For sale Warehouse in town Sofia - Carigradsko Shosse 1200500 EUR
For sale Warehouse in town Sofia - Carigradsko Shosse 637500 EUR
For sale Warehouse in town Sofia - Carigradsko Shosse 953856 EUR
For sale Warehouse in town Sofia - Carigradsko Shosse 819819 EUR
For sale Warehouse in town Sofia - Carigradsko Shosse 675750 EUR
For sale Warehouse in town Sofia - Carigradsko Shosse 519156 EUR
For sale Warehouse in town Sofia - Carigradsko Shosse 354384 EUR
For sale Warehouse in town Sofia - Carigradsko Shosse 182187 EUR
For sale Apartments 1 Bedroom in town Sofia - Centre 123000 EUR
For sale Studio Apartments in town Sofia - Centre 80000 EUR
For sale Apartments 2 Bedroom in town Sofia - Centre 153500 EUR