Yazov, a Plovidv-based construction company, announced that, on January 5 2009, it would turn the first sod on a 50 million euro project called Sky Buildings, Dnevnik daily reported on January 3. The plan envisions 21 buildings on a land plot of 3.2ha with a total built-up area of 129 000 sq m, near Assenovgradsko Chaussee and Lokomotiv Stadium. Two of the buildings meant for office spaces a [Read more...]

Slovenia’s largest food retailer Mercator will rent space for a hypermarket in the Mega Mall in Sofia, currently under construction, deal consultant Raiffeisen Imoti, the real estate arm fully-owned Raiffeisenbank's Bulgarian subsidiary, said on November 17, as quoted by Dnevnik daily. Mega Mall is developed by Austria's Real4YOU Immobilien. Its leasable area will be 24 000 sq m, spli [Read more...]

Orchid Developments, an international property developer focusing on Bulgaria, said on November 17 that it sold Yavor hotel in the Black Sea resort of Zlatni Pyassutsi for 9.9 million euro. The developer had said in September in its interim results that it expected the sale of Yavor Zlatni AD, the subsidiary company taht owns the hotel, to complete in October 2008. "The completion proce [Read more...]