Sat, Nov 21 2009

Defence Ministry's sales bonanza in Plovdiv

Mon, Feb 23 2009 10:36 CET byNick Iliev 482 Views
The Defence Ministry, in an endeavour to balance its books,  has embarked on a selling spree in Bulgaria's second largest city of Plovdiv. Eight properties are up for sale, including one 17.6 ha in area, on 238 blvd Bulgaria, immediately in front of the new wing of Plovdiv Unviersity. 

The development has been greeted with alarm by municipal engineer Todor Petkov who says that the sales contravene the institution's aspirations to build its own Internet and sports hall near the main university building. "Permission to sell former military parcels by Plovdiv University Paisii Hilendarski should be forbidden," said Petkov as quoted by Stroitelstvo Gradut.

"I read with astonishment that these procedures will be allowed to go ahead," he said. "I will try every legal mechanism to prevent the sale of property immediately next to the University, as this will only harm the educational environment for starters, and it will not ultimately resolve the army's financial problems," he added.

The 17.6ha parcel of land was put up for auction with initial price of 821 000 leva, starting March 26. Potential buyers will have to contribute  410 000 leva as a deposit for participation. Final applications for involvement will be accepted on March 19.

The remaining military properties auctioned for sale are four stores on Koprivkite st, the largest of which is 329 sq m, priced at 481 100 leva.

Source: PropertyWise 
http://www.propertywisebulgaria.com/article/mall-gabrovo-to-open-doors-by-june-2009/id_3167/catid_26
 

Write comment

Name:Comment:

Generate new code
Send your comment
Markovo Tepe Mall will open in spring 2010

Construction has started on the 65- million euro Markovo Tepe Mall. It will open in April 2010.

52 million euro Mall Plovdiv opened for business on March 19

Managed by Real Estate Services Bulgaria (RESB, this is the second such project after the opening of Mall Sofia. RESB is also in charge of Mall Rousse and Mall Stara Zagora

Neo-classic office building opens in Plovdiv centre

Project's architect said he was inspired by the beautiful, elegant and practical structures in Vienna, which served for the model of his neoclassical architecture.

Blagoevgrad Youth Centre in 1.15 million revamp

Major facelift planned for Blagoevgrad's youth centre. The works will be funded entirely by the Government.

Bulgarian fashion label Ariston S fashion doubles revenue in 2008

Company foresees 1.78 million investment for 2009 in product development and Information Technology and communications improvements as well as future market expansion.

Mall Gabrovo to open doors by June 2009

75 per cent of slots within the mall have already been rented out, as Gabrovo's largest mall is set to open for business.

Bulgaria, Romania to link gas grids at Rousse-Giurgiu crossing

Project is set to cost 30 million euro and the new pipeline will have an annual capacity of 1.5 billion cubic metres of gas.

Golden Sands resort reports 8.6M leva consolidated profit for 2008

Golden Sands resort on Black Sea coast reverses 2007's loss to profit in 2008

More in this category

New modern marina worth 24M leva to be constructed in Pomorie

The Black Sea town of Pomorie has approved a proposal for the construction of a spacious and modern marina, with a capacity of over 600 yachts and small passenger ships.

Construction sector in Europe continues to decline

Over the course of a year, from one of the leaders in Europe in new construction, Bulgaria became one of the countries currently quagmired at the bottom of the table and was now amongst the three worst hit countries, along with Romania and Slovenia.

Bulgarian Property Developments begin construction of 12.6M euro logistics park in Rousse

The park is posed to act as an economic stimulant in the region, creating a modern infrastructural base for companies. It is set for completion by Q3 of 2010.

Discounter chains Penny Market, Plus open stores in Bulgaria

Both retailers target at least 50 outlets in Bulgaria by the end of 2010.

The big question

When will Bulgaria’s real estate and construction sector recover?

© 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.