27.03.2007 THE CONSTRUCTION OF “VELIKO TARNOVO HILLS” BEGINS

VisitBulgaria.NET, George Georgiev

The ground-breaking ceremony of the first self contained gated residential settlement in Bulgaria - “Veliko Tarnovo Hills,” took place on the 22nd of March, which is also the official holiday of the old capital of Bulgaria, Veliko Tarnovo. The total investment is estimated to 50 million Euro. The development company has planned to complete the project in maximum 3 years.

The luxury settlement spreads over 60,000 square meters on the Troshana hill, about 2.5 km away from the centre of Veliko Tarnovo. It is in close vicinity to the main road Sofia – Varna. “Veliko Tarnovo Hills” consists of 11 residential blocks of flats with more than 750 apartments and 43 family houses. There will be a shopping and administrative centre, cinema, medical centre, outdoor and indoor swimming pools, sports centre with gymnasium, spa facilities, Kindergarten, ground-level and underground parking structures in the central part of the complex. The total built area of the complex is about 100,000 square meters.

The new building was inaugurated by the Metropolitan of Veliko Tarnovo, Grigorious. The mayor of the town Rumen Rashev and representatives of the investors wished a successful completion of the undertaking. Traditionally the first brick was sanctified with wine and holy water before being dug in the ground. The ambassadors of Norway and Indonesia attended the official opening too. There was party after the ceremony.

“Veliko Tarnovo Hills” is a new type of gated residential district in Bulgaria, which is an illustration of the contemporary building tendencies and the changing life style in the country. The complex is divided in 5 sections. About 4 thousand people will live there. The location is one of the greatest advantages of the complex. “Veliko Tarnovo Hills” will rise above Veliko Tarnovo on the hilly site of Troshana and will be surrounded by unspoiled nature. The hill provides a picturesque views to the city, its old town and the legendary hills Tsarevets, Trapezitsa and Sveta Gora.

The architectural-historical reserve Arbanasi village is situated nearby. It has a unique charm and atmosphere, and is a perfect site for rest during the weekend. “Veliko Tarnovo Hills” is also in close vicinity to the main road which provides easy access to the ski and beach resorts in Bulgaria, and the capital Sofia.

As announced by BulgarianProperties (www.BulgarianProperties.com), the exclusive selling agent for the complex, many wealthy Bulgarians and foreign property investors already enquired with interest to purchase a property in “Veliko Tarnovo Hills”.

One of the leading management and letting companies in Bulgaria will provide complete on-site services for the complex and its inhabitants including maintenance, management and letting on short or long-term basis.

“Veliko Tarnovo Hills” marks the beginning of the contemporary residential complex developments in Bulgaria. Undoubtedly these self-contained gated settlements have many advantages and follow the latest trends of the changing lifestyle in Bulgaria. They offer calmness, security, all modern conveniences and a wide choice of useful services, at the same time being in close vicinity to the working environment and all the amenities of the main city. These homes are especially attractive for the actively working young professionals and their families, senior executives and also for the investors looking for properties with high yield and good capital appreciation.
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