FIA Bulgaria may up stake in Hadjidimovo project
2008-01-22 08:00 News from Dnevnik.bg
FIA Bulgaria, 68.68%-owned by Greece`s FIA Corporation, may increase its stake in the joint project with the local Hadjidimovo municipality for the construction of a 72,000 sq m villa community and a 48,000 sq m high-tech park near the village of Koprivlen, South-western Bulgaria.
FIA Bulgaria owns 55% in joint venture company United Constructions&Development. The municipality has contributed land to the assets of the JV.
FIA`s stake may be raised to 90%, said Dinko Cherganliev, an independent member of the board.
The Greek-owned company has earmarked 19 mln levs for the project which should get underway in the fall 2008 and wrap by 2010.
United Constructions&Development is forecast to report 9.4 mln levs in revenues and 3.6 mln levs in net profit for 2008.
FIA Bulgaria is also developing an office scheme in Sofia`s Mladost 1 residential district. The building will occupy a 900 sq m site and will have a built-up area of 3,300 sq m. It will cost 3.3 mln levs and should be ready in 2010.
The initial stages of the projects will be financed with the proceeds from a capital raise that starts January 22.
The company is floating 525,000 new shares with a nominal value of 1 lev and issue price of 9.31 levs.
This News is listed at news.Guide-Bulgaria.com
Pages: [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19] > 2013-02-15 SMS alert service notifies for any change in ownership of own property in the National Land Registry
> 2012-10-24 First Investment Bank acquires "Sky center" building at center of Veliko Tarnovo
> 2012-10-12 Property market in Bulgaria slowed down in the first half of 2012
> 2012-10-02 Property developer Orchid Developments has secured extension on the EUR 97.6 million credit
> 2012-06-19 Construction of a high-tech park Sofia Tech Park starts soon
> 2012-06-07 ECDC wants to sell its projects for a retail park in Bourgas
> 2012-04-09 Tender for the Landmark Centre Varna is cancelled
> 2012-02-28 Bulgarian and foreign companies invest in their own factories and logistics centers
> 2012-01-18 Austrian investment company starts the construction of MegaMall shopping centre in Sofia
> 2011-12-01 Orchid Developments in renegotiations with Raiffeisenbank AG about a loan for construction of Business Centre Varna
> 2011-11-28 Bargain between Arco Invest and Cleves EOOD for properties in the Boulevard Residence in Sofia
> 2011-11-11 Greek joint-venture fund has bought the Kambanite Business Centre in Sofia
> 2011-10-28 Bank has seized the assets of residential builder in Sofia due to nonpayment of principal
> 2011-10-06 The Government approved the sale of 15 properties owned by Bulgarian Posts
> 2011-09-22 "Bulgarian House" - a professional estate agency (paid article)
> 2011-09-15 Property investment and development company sales its entire portfolio in Bulgaria
> 2011-09-14 Sellers of mortgaged real estate increased by 20% for past few months
> 2011-09-14 Austrian bank opened a tender procedure for sale of the real estate company Melina
> 2011-09-13 Orchid Developments borrowed 21.4 million euro to complete the construction of Orchid Gardens Varna
> 2011-08-19 Real estate investment trust sells its Commercial Centre in Sofia
Pages: [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19]
| 
