REIT BLD unveils details about Rogachevo holiday home complex
2007-06-26 00:00 News from Dnevnik.bg
Bulgarian Land Development plc (BLD), the AIM-listed Bulgarian residential property developer, has released details about its Harmony Hills holiday homes development near the village of Rogachevo, in coastal municipality Balchik.
The price of the home units in the 6 mln euro development will range between 750 and 1,200 euro/sq m, said BLD executive director Dimitar Savov.
Harmony Hills, located several kilometers from sea resort Albena, will comprise 20 detached homes and a further 182 apartments. The complex should be completed by May 2008.
A hundred of the holiday homes have been sold off-plan to British, Irish, Spanish, Russia and Romanian buyers. Around 95% of the home buyers have signed a property management contract.
The REIT is developing a holiday complex on a 10 ha site near Kavarna, on Bulgaria`s Northern Black Sea coast.
In October, the company is expected to start the off-plan selling of home units in the vacation complex that will be developed on a 5.6 ha site between the city of Samokov and ski resort Borovets.
The company will also build a five-star hotel and apartment complex adjacent to the Kempinski Hotel Zografski in Sofia. The 40 mln euro scheme will e a mix of small and large apartments with the asking price expected to start from 3,000 euro/sq m. The company describes the property, which will offer a panoramic view of the capital city, as one of the most luxurious currently under development in Sofia.
This News is listed at news.Guide-Bulgaria.com
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