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:  > 2009-03-20 Interest of mortgaged homes that are announced in Sofia city court
> 2009-03-19 The British still interested in Bulgarian properties
> 2009-03-19 Bulgarian real estate market has hit the rock bottom
> 2009-03-15 Apartments in Sofia and Plovdiv more expensive in the center of Chicago
> 2009-03-12 UK businessman from Sliven closes its business because the crisis
> 2009-03-12 Bank loans still most popular for buying a property
> 2009-03-11 BG luxury property market in searching for balanced price
> 2009-03-09 Rich Russians buying unfinished or in bankruptcy hotels at the BG seaside
> 2009-03-07 Residential project in Shkorpilovtsi village granted a building permit
> 2009-03-06 FOREST GLADE Pamporovo - Ski Apartments and SPA
> 2009-02-27 Green Home complex near Radinovo, Plovdiv
> 2009-02-24 This year is perfect for buying of new property
> 2009-02-18 Construction of complex Fanagoria starts soon in Golden Sands resort
> 2009-02-04 Blue Mountain complex in village of Beli Iskar
> 2009-02-04 Aquamarin 2 apart complex in town of Obzor
> 2009-02-04 The Sky Buildings complex in Plovdiv
> 2009-02-04 Last construction stage of ecological village Gesha Vue near Dryanovo started
> 2009-02-03 BTC moves its Sofia offices to the new European Business Center
> 2009-02-02 Property investment fund freezes big projects in Varna and Sofia
> 2009-01-28 Prices of apartments on Sofia go down