Archive for July, 2007
Thursday, July 5th, 2007
Emerald Resort complex opens at Bulgaria’s Black Sea southern coast
Emerald Resort, one of the largest holiday complexes at Bulgaria’s southern Black Sea coast with a gross actual area of 150 000 sq m opened its doors for quests and visitors. The gated complex is located in the southern part of the village of Ravda and has well-developed infrastructure.
The complex consists of five separate buildings. Emerald Resort is built in a natural park area featuring rare plant species, some of which as much as 75 to 80 years old. Investors spent almost 50 million euro in the project development. Construction took investors two years.
Wednesday, July 4th, 2007
Bulgaria’s Gesha View eco-complex wins Bentley international property award
For a second consecutive year, Bulgaria’s Gesha View holiday development won the prestigious five-star Bentley award for excellence in the property sector. It was also awarded a four-star prize in Bulgaria’s best real estate category.
The investors, among which Julian Georgiev, David Hollands, Robert and Cristopher Downham, put 2.25 million euro in the construction of the high-tech eco complex in the village of Gesha.
Gesha View provides for more than 130 residential units. Average sales price of a two-bedroom unit is 110 000 euro and the most expensive home costs 200 000 euro. So far buyers from UK, the Netherlands and Italy have purchased homes in Gesha View.
The complex is set to open at the end of 2008.
Monday, July 2nd, 2007
Tsarevo, Pomorie and Ahtopol coastal towns consider yacht marina projects
Coastal municipalities Tsarevo, Pomorie and Ahtopol will team up with private or otherwise investors for the construction of yacht ports in each of the three Black Sea resort towns, Bulgarian transport minister Petar Mutafchiev said last week.
Recent legislative changes transferred to the local authorities title over the port facilities ensuring an additional revenue source and an incentive for the development of sailing tourism.
Another two coastal ports, Sozopol and Nesebar, remain on the list of facilities that will be operated under a concession arrangement.
The respective municipal councils will now have to vote to redefine the status of the ports as public municipal property and then move to review their development plans.
The international yacht marina planned for Pomorie should be completed within 3 years, said architect Ivan Avramov from the municipality. The Pomorie local government will contribute 8-10% of the necessary funding. Avramov said the municipalities has already had talks with local and foreign investors on the creation of a joint venture to implement the project.
Tsarevo will be developed as a yachting, sea cruise and commercial fishing destination, said city mayor Petko Arnaudov. An Italian company and an outfit registered in Monaco are reportedly interested in the Tsarevo port.
The cost of upgrading the Tsarevo and Ahtopol ports to welcome contemporary yachts is seen at 20-30 mln levs.