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Bulgarian Property & Real Estate News

BenchMark Fund invests in development plot in Borovets ski resort

Real estate investment trust BenchMark Fund Estates has signed a preliminary contract for the purchase of a 9,000 m2 development plot in the Bulgarian ski resort Borovets. The company plans to build a luxury Bulgaria apartments complex with a total built-up area of approximately 12,000 m2. Building will begin within the next 3 months and should be finished by mid-2009.
As well as the Borovets property development, the fund’s project portfolio includes a mixed use property development on Tsarigradsko Shose boulevard in the capital Sofia and a commercial complex in Plovdiv.

BenchMark Estates is the latest real estate investment trust to buy property in Borovets. Intercapital Property Development was the final bidder in a recent auction to purchase a 6,000 m2 property in Borovets for a price of 2.4 mln levs.

If you are looking for Bulgarian real estate or off plan property in Borovets look no further than Concept Bulgaria.
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