Bulgarian real estate Investment - Build residential complexes for 73 million BGL in Sofia

Bulgarian real estate Investment - Build residential complexes for 73 million BGL in Sofia

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Build residential complexes for 73 million BGL in Sofia

In 2009 in the southeastern part of Sofia will begin the construction of residential complexes for this purpose as early as this year will be bought land with an area between 50-70 dka.Investitor project is FairPlay Properties REIT, a sum that will be incorporated is about 72 -- 73 million BGL The estimated cost of housing complexes in 1000-1200 will be around EUR / square. m. communicate Investor.bg. The planned investment for the fund this year has amounted to 73.6 million euro, of which 30 650 million BGL will have to purchase new plots, and the remainder will be oriented towards the construction. The funding will be mainly through bank loans and a small part of own funds. By 2011 FairPlay Properties will incorporate around 430 million BGL in projects. So far the second stage of the project "Santa Marina" fund has sold apartments at an average cost 1500 euros / sq.m. m., a third stage of the sales prices have started in 1500-2300 euros / sq.m. m. By the end of 2007 holiday village of St. Ivan Rilski "you have sold only 17% of the apartments.

 
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Bulgarian real estate Investment - Build residential complexes for 73 million BGL in Sofia

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Bulgarian real estate Investment - Build residential complexes for 73 million BGL in Sofia