Latest News

11.07.2007 SUPER BOROVETS STARTS IN SEPTEMBER

investor.bg

The investment company Equest Investments Balkans Ltd (EIB) announced that it has acquired strategic indirect shares of 33% of Rila Samokov 2004 JSC – the company which will develop the Super Borovets project and possess land plots in the resort

According to the contract, EIB acquires 33,5 % shares in Rila Samokov, which has 1 977 131 land plots for construction in the resort. EIB invests 25,9 million Euro cash, which includes payment for shares and capital contribution in Rila Samokov.

EIB possess 50% of Borovets Invest NV, holding company, which possess 67% of Rila Samokov. An international institution works in partnership with Equest for the Super Borovets project. The rest of the shareholders are Samokov municipal (with 25% share) and the construction company Glavbulgarstroy (8%)

Super Borovets is among the biggest investment projects in Bulgaria. During the next five years it plans the construction of a total number of 653 815 apartments, hotels, trade centers as well as the adjoining infrastructure, including 36,5 km ski slopes.

At the moment Borovets offers 42 km ski pistes. The majour terrains of Rila - Samokov are situated in four regions – Borovets (1 100 m above the se laevel), Banderata (1 460 m), Gvardeiska polyana (1 620 m) and Byalata polyana (the White Meadow 1 310 m)

The project is divided in two majour phases, and is planned to start in September and to be completed in 2012. The total costs of the construction works are expected to reach approximately 566 million Euros. Rila Samokov plans to finance the project with loans and off plan sales of properties. The project has received all necessary documents and permits to start the first phase.

This project is the ninth investment in Southeastern Europe. Equest showed interest in the Super Borovets project in March this year, when the investment committee of the company decided to buy stocks from Rila - Samokov.

View Properties for Sale in/near Borovets.
  Read more news
LATEST REGIONAL NEWS
Varna Airport opens after renovation

29/February/2012
BULGARIAN PROPERTIES

Varna Airport is announced to open on 29.02.2012 and it is ready to welcome guests and tourists from various destinations. The airport will renew operations after it was closed for a few months for renovation.

The project of Fraport Twin Star Airport Management for renovation of the airport pistes, in which the company invested nearly 40 million BGN, sgarted on 15th Oct, 2011. The ... read more

Find out how we can help with the fast sale of your property
Read our market analyses and forecasts!
Our team of experienced lawyers can consult you on any legal matter
Latest News
Property sales up 2% in 1Q 2012

24/April/2012
Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES

This is what the Bulgarian Registry Agency announced yesterday with regard to the number of real estate deals around the country. The data confirms the general trend of retaining the sales similar to last year, which BULGARIAN PROPERTIES outlined in its real estate analysis for the first quarter of 2012.

According to the Registry Agency in 1Q 2012 35,821 sales were concluded in tota... read more

LATEST REGIONAL NEWS
Varna Airport opens after renovation

29/February/2012
BULGARIAN PROPERTIES

Varna Airport is announced to open on 29.02.2012 and it is ready to welcome guests and tourists from various destinations. The airport will renew operations after it was closed for a few months for renovation.

The project of Fraport Twin Star Airport Management for renovation of the airport pistes, in which the company invested nearly 40 million BGN, sgarted on 15th Oct, 2011. The ... read more

DID YOU KNOW?
Bulgaria's Spa Sector to Flourish Again Thanks to Russians and Turks

15/March/2012
novinite.com

Bulgaria's spa industry saw positive signs of recovery in 2011 even though a far cry from the boom years during the previous decade, figures show.

The number of tourists, who visited balneo-spa hotels in Bulgaria to enjoy the balmy effects of the procedures on offer, increased by 8% la... read more

Offers from our partners