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Bulgarian Property & Real Estate News

Property Fund buys more Super Borovets property

Local real estate investment trust Super Borovets Property Fund said it has added three plots with a combined area of 20,284 sq m to the land its owns in ski resort Borovets. The deal price is 1.22 mln levs. The property investor now owns a total of 5 ha of land in Borovets. The company said it has no definite plans for the development of the land and said it will wait and see how the expansion of the resort pans out. According to the executive director, the land may be sold but the company thinks that the location is suitable for the construction of a villa complex because it is within the area of the planned resort expansion. In April this year, the REIT paid 1.6 mln euro for another 30,000 sq m plot in the Borovets area.

Source: Dnevnikam

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