Vacation Complex for EUR 25 M to Be Built in Bulgaria`s Banya|
2008-02-18 15:30 News from Novinite.com
A new vacation complex will be constructed in the village of Banya close to the Bulgarian mountain resort of Bansko in the Pirin Mountain in southwest Bulgaria.
The planned Pirinea Complex will be located on a plot of 16 decares and will have an all-out built-up area of 44 000 square meters. The investment, which is worth EUR 25 M, is a joint project between the British construction company RilaDev headed by Terry Roydon and David Holiday, and the Bulgarian firm Tempo.
The four-star hotel will have 110 rooms, and 310 parking spaces located underground. A spa complex of 1500 square meters will be attached to the hotel together with three restaurants, a lobby bar, a healthy bar, barbecue, bowling, a night club.
The project also contains conference halls, a business center, a bridge hall, snooker room, ski, golf, and tennis courts.
The residential part of the complex will be comprised of five buildings with a total of 147 apartments. The owners are going to be able to lease the apartments with expected annual returns of 7-8%.
The construction will be executed by Tempo Stroi Engineering by the summer of 2009, and the complex will be managed by Tempo Holiday and Tempo Property.
The British company RilaDev has been in the field of residential construction for more than 20 years in the UK and abroad. Some of its complexes are Balaia GolfVillage and Rocha Brava in Portugal as well as Dom Developments in Warsaw, Poland.
The Bulgarian company Tempo unites several branches - Tempo Petrol, Tempo Stroi Engineering, Tempo Building, Tempo Property, and Tempo Holiday.
This News is listed at news.Guide-Bulgaria.com
Pages:  > 2008-01-29 Varna is the most active market of shopping malls
> 2008-01-29 Spanish company starting project in Tsarevo
> 2008-01-28 Betolovoto area, close to Bulgaria’s Razlog and Bansko, to become year-round holiday destination
> 2008-01-24 Municipal apartments in Sofia rise in price
> 2008-01-24 National statistical office confirms `07 housing price gains
> 2008-01-22 Property prices in Veliko Turnovo will increase by 10 to 15 per cent in 2008
> 2008-01-22 Realtors say Bulgaria housing price growth to slow down
> 2008-01-22 FIA Bulgaria may up stake in Hadjidimovo project
> 2008-01-21 New Residential complex is under construction in Sofia`s Manastirski livadi
> 2008-01-17 Standart daily: Bulgaria`s Rila Monastery to become a construction site
> 2008-01-16 Plots in Vurshets double in price in a year
> 2008-01-15 Dream Home complex to be finished by the end of 2008
> 2008-01-15 Property prices rise in Bourgas
> 2008-01-14 Bulgaria Property Market Stays Strong in January
> 2007-12-28 National Revival Style Resort to Appear Near Veliko Turnovo
> 2007-12-28 Edeland Ridge -a new resort complex at the foothills of Pirin park
> 2007-12-19 Construction of new seaside resort begins
> 2007-11-15 Irish Co. to Invest 500 M EUR in Bulgarian Real Estates
> 2007-10-25 Spanish co to build 2 vacation villages in Bulgaria
> 2007-10-24 Spanish co Catalonia invests in Pamporovo area apartment resort