Bulgaria Properties Ltd is creating a 'loose'
investment syndicate in order to take advantage of opportunities arising
in Bulgaria
for land and distress
sales.
We know the country and the people, and speak the language, but are
British, and work
to British standards of conduct.
There are possibilities for massive growth in hitherto
untapped markets.
Current opportunities include land around Plovdiv, Bulgaria's second-largest
city, with its International Trade Fairs and beautiful natural surroundings.
After years of stagnation, Plovdiv is set to become a hive of activity
for
business and pleasure,
and, once its airport accepts
scheduled international flights, the nearby ski and summer resorts, currently
frequented by the local people, should
become ever more popular among foreigners.
The process has already started:
More industrial space for Plovdiv needed to meet
demand
Oxford Business Group: 19 April 2007, Thursday.
Colliers International announced last week that the industrial real estate sector
had received considerable attention in 2006, driven by logistics operators, manufacturers
and traders. Bulgaria's location on five of the Pan-European transport corridors
highlighted for development by the European Commission is one of the factors
driving demand. Other factors include the rapidly improving economy, the boom
in retailing and production and finally, Bulgaria's lower costs in comparison
to the rest of the EU.
At present, 700,000 sq metres of modern industrial space
are available in Sofia, while Plovdiv has some 250,000 sq metres and the coastal
city of Varna
about 200,000 sq metres. Rents for prime modern industrial sites range from
$5.10 to $7.40 per sq metre, according to location and accessibility to transport
links.
Atanas Garov, Colliers International Bulgaria's executive director, said
he expected an increase of 220,000 sq metres of logistics space in Bulgaria this
year, due to improvements in the transport infrastructure, particularly in
Sofia and the southern city of Plovdiv. |
Bulgaria's Plovdiv Fair Invited in World Trade
Centres Association
Business: 03 November 2006, Friday.
The World Trade Centres Association has invited Bulgaria's International Fair
Plovdiv to join the alliance, Darik News revealed.
If the annual expo in Bulgaria's second city lands a license to operate under
the title World Trade Centre (WTC), new investors looking for a market on the
Balkans will flock to the country, the Association's head Brian Montgomery said.
Montgomery, who is currently in Plovdiv, added that membership in the organization
will also give Bulgaria's companies access to hundreds of thousands of companies
all over the world and give them cheaper and easier access to many international
fairs.
Bulgaria's EU accession shouldn't make the country's economy dependent only on
the European market, Montgomery noted.
In order to get a WTC licence, the Plovdiv fair will have to pay a one-time tax
of USD 20,000 and then cough up USD 10,000 each year. This grants the 208 members
of the organization worldwide promotion and know-how on commerce encouragement.
Bulgaria's government has already adopted a plan to restructure the traditional
International Fair in Plovdiv. The state will keep a minimum stake in the Fair
of 51%, and sell out the rest to Plovdiv Municipality and private investors.
Calling in private funds will help realize a number of infrastructure projects
needed to modernize the Fair and increase its competitiveness, the government
believes. The move aims at helping the annual event increase and strengthen its
leadership positions in the expo sector in Bulgaria and South-Eastern Europe.
The event has already taken place for 62 times. |
Demand for Logistics, Industrial Facilities Outpace
Supply in Bulgaria
Business: 31 October 2006, Tuesday.
The supply of contemporary logistics and industrial facilities in Bulgaria continues
to grow but is still outpaced by demand, a survey shows.
The supply is currently
estimated at 700,000 m2 and new industrial zones are starting to form in key
locations throughout the country and around the cities
of Sofia and Plovdiv, says a market flash of leading real estate company Colliers
International Bulgaria.
Due to the escalating land prices (75 EUR per m2 on average),
areas like Sofia Airport, Druzhba, and Gorublyane have become primarily suitable
for third-party
logistics (3PL) operators and build-to-suit developments.
Demand is increasing
in other areas along the Ring Road and the major highways because of the lower
cost of land and excellent accessibility, shows Colliers
Research.
It expects the increase in supply to continue due to Bulgaria's strategic
location with five trans-European corridors, upcoming EU accession, low cost
levels, rapid development of the retail sector and other factors.
Prime rental
rents for contemporary industrial space in Bulgaria vary between EUR 3.8-5.5
per m2 per month depending on geographic location, accessibility to different
modes of transportation,
infrastructure etc. Rent levels have remained stable
in the last couple of years. |
Mall Plovdiv Braces to Open Doors 2008
Business: 31 October 2006, Tuesday.
Bulgaria's second largest city anticipates seeing the doors of the newest trade
and entertainment Mall Plovdiv open. The huge project to cost EUR 40 M has been
given the green light by investors from Cinema City International, Aviv Group
and construction entrepreneur Dimitar
Yazov.
Mall Plovdiv will spread on an area of 17 decares bordered by Svoboda
Blvd and Perushtitza Street in the southern Bulgarian city.
"We expect that the trade and entertainment hearth of Plovdiv meet its
first visitors in 2008," the project's chief manager Petar Dudolenski
said at the go-ahead ceremony.
The construction and realization of Mall Plovdiv
will follow the tracks of its predecessor in the capital city - Mall of Sofia
- as both major projects
are masterminded by the same concept investment and PR expertise parties.
Aviv
Group and Cinema City International were the pioneer owners of Mall of Sofia
before its acquisition by GE Real Estate and Quinlan Private. The conceptual
and project designs, the real estate and the legal consultancy of Mall Plovdiv
are in the hands of the same teams who made real the highly
successful Mall of Sofia. Bulgaria's PR leader M3 Communications Group, Inc.
is also implementing its Mall of Sofia experience into the new project. |
Large Entertainment Center to Rise in Bulgaria's
Plovdiv
Bulgaria in Brief: 14 August 2006, Monday.
The southern Bulgarian city of Plovdiv will soon enjoy a sports and entertainment
center to spread on a 100 dca area. The complex, which will be funded by
Chelsfield Partners fund, will be worth a total of EUR 12 M. The project
envisages the construction of a multifunctional hall with a capacity of
5,000 places. It is very important for Plovdiv's citizens to have such
a large hall at their disposal, since entertainment performances during
the summer season are held at the city's ancient theatre. |
Bulgaria's Plovdiv Spends EUR 25 M on Roads
Bulgaria in Brief: 01
August 2006, Tuesday.
Plovdiv, the second largest city in Bulgaria,
will have its road infrastructure fully renovated, at a cost of EUR
25M. Many of
the city's main roads are said to be in a poor condition, and there
has been no major overhaul for decades. By the end of the year
alone, about EUR 9M should be absorbed. The city will use a credit
from Raiffeisenbank, which has won a contest for the project, Investor.bg
reported Tuesday. |
Plovdiv's city centre has undergone a complete reconstruction recently.
Now a modern and very pleasant pedestrian precinct exists side by side
with the ancient Roman monuments of the quaint old town, with its hilly
cobbled streets and attractive houses.
Cheap flight airlines are looking to go in very
soon. European Union membership is due by January
2008 at the latest. Once Bulgaria becomes a member, these opportunities will
have passed. If Bulgaria's membership of the EU occurs in January 2007, as
planned, there remains only a very short period to take advantage of these
opportunities.
Contact Bulgaria Properties Ltd now
to find out more at 0871 226 2296, or e-mail invest@BulgariaProperties.net.
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