Sun, Nov 08 2009

GLOBAL FINANCE INVESTS OVER 50 MILLION EURO IN CONSTRUCTION PROJECT IN BULGARIA

Tue, Apr 24 2007 10:49 CET 411 Views

Investment company Global Finance plans to invest over 50 million euro in the construction of a multi-functional complex in Sofia.

The company has already bought a plot in Sofia's residential district East worth 17 million euro, investor.bg reported.

The complex will include offices, commercial and residential terrains having a total built-up area of over 40 000 sq m.

Global Finance's real estate investment fund Global Emerging Property Fund (GEPF) plans to expand its portfolio in Bulgaria and currently examines the opportunities for gaining new projects in Sofia, Varna and Plovdiv.

The company has already invested in Bulgaria, Greece and Romania. The Bulgarian investment includes supermarket chain Familia, Onda Coffee Break and ice cream producer Delta Ice Cream.

GEDF was established in 2005. The company focuses on acquiring and developing modern office and trade centres, industrial property and property management.

Global Finance is investment company with share capital participation in South Eastern Europe with offices in Sofia, Athens and Bucharest. Since its establishmebnt in 1992, the company has managed funds of over 700 million euro.

Write comment

Name:Comment:

Generate new code
Send your comment

More in this category

Bulgaria business property deals contracted sixfold – Forton

Office rent transactions peaked at 65 000 sq m between July and September 2008, but collapsed to 10 700 sq m in Q3 2009, Forton manager Sergei Koinov said.

Luxury real estate prices in Bulgaria slump by 40% - study

Most potential buyers are now opting to buy a luxury flat in the range of 120 000 to 150 000 euro or a single family home for about 500 000 euro.

Bulgaria's construction sector facing 'survival year' in 2010 - Minister

About 30 000 to 35 000 people employed in the construction sector were facing redundancies in 2010, Bulgaria's Regional Development Minister Rossen Plevneliev said on October 26.

Housing prices in Bulgaria fell 28 per cent year-on-year – official

Average market prices of housing in Bulgaria dropped five per cent in July-September, measured quarter-on-quarter, the National Statistical Institute said on October 23 2009.

Key interchanges in Sofia will be constructed with European Investment Bank loan

The European Investment Bank (EIB) has released a 43.5 million euro loan to Sofia Municipality, for infrastructure projects worth 88.1 million euro in total

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.