Ex-Federal MUP building sold

Private Project Management has bought the former federal MUP building in downtown Belgrade for EUR 34.5mn. The structure, heavily damaged in the 1999 bombing, will be renovated into a business center and will see total ... More


Residential investments, the most profitable on the real estate market

The residential investments have, for the first time in the last few years, the biggest yield in the market – ten per cent, ahead of the amounts obtained in the other segments – industrial, commercial, offices, ... More


Foreign citizens own 1.39 per cent of land

Montenegro has sold 1.39 per cent of its territory and 8.5 per cent of sectional title to foreign citizens, Rajko Jankovic, the Director of the Real Estate Directorate has said today. The data were collected from municipal ... More


Controversial Cathedral Plaza project finally completed

CB Richard Ellis and Eurisko, along with Willbrook Management International, opened the “Cathedral Plaza”, a class A office building. With 23,300 sq m of office space and luxurious European facilities, the building is ... More


Forvila to invest EUR 2.5 million in real estate project in Oradea

Forvila will develop this year in Oradea a residential project of 52 villas, with an investment estimated at EUR 2.5 million, said one of the company’s shareholders, Simon Francis. The project will be developed on a plot of ... More


FairPlay, Bulgarian Property Developments to build logistics park in Varna

FairPlay International, the Bulgarian construction and property development company, and Bulgarian Property Developments (BPD) have announced plans to develop a site in the industrial zone of Varna, on the Black Sea, into a ... More


1/3 of Bulgarian property market driven by non-residents in '06

Over 29% of properties transacted in Bulgaria in 2006 involved a non-resident buyer, shows data of Asta Bridge, a division of local real estate agency Address which caters exclusively to foreign nationals. The government's ... More


Estonian company to invest EUR 5 million in office networks

Estonian Real estate company Arco Real Estate Consulting will invest until 2008 some EUR 5 million to develop a network of offices in Romania. The main cities targeted are Bucharest, Timisoara and Arad. The company will hire in ... More


Bulgaria Ranks 51st in International Property Rights Index

Bulgaria ranks 51st among 70 Countries in the International Property Rights Index, which was presented on Monday. The country shares the place with Argentina, Egypt and Tanzania. Bulgaria scored a 3.8 pints result and remains ... More


EU Accession Drives Bulgarian Real Estate Prices Up

Bulgarian real estate prices rose by 10% in the first two months of this year after the country's accession to the European Union, 24 Hours daily reported on Tuesday. Demand continues to grow, driven by the increasing number ... More


Orchid Developments sells Porsche Center development in Sofia for 13 mln euro

Orchid Developments Group Ltd, an established property developer and hotel operator in Bulgaria, has sold its Snowside Ltd unit, through which it holds the Porsche Center development in Sofia, to Landmark Property Management SA ... More


Sofia residential rent, price levels up in H2 '06 says Colliers Int'l

Average rental rates in Sofia increased during the second half of 2006 following the growth in new construction deliveries which brought more upper-middle and luxurious apartments to the market, shows an H1 2007 overview of ... More


Sofia's tallest building to rise on vacated plant site

The Balkancar Sredets plant for powered trucks in Sofia will be demolished to make room for a multi-functional commercial, retail, residential, hotel and entertainment complex. The large-scale Evropa Park project, with ... More


Rabbit Island for sale for USD 10 million

In the Marmara region, Rabbit Island (also known as Mavria Island) is on sale for USD 10 million, Turkish daily news reported. The island is approximately 800,000 square meters large and it is located one nautical mile north of ... More


Changes to eco protection, resale and zoning rules stall Bulgarian land market

The transacting of land properties has been confounded by a set of circumstances since the beginning of the year reported Dnevnik . One of the reasons for the market standstill the nation's Black Sea and mountain resorts is ... More


Zorlu buys KGM land with record $800 million bid

Zorlu Holding, one of Turkey's leading industry groups, has become the new owner of General Directorate of Highways (KGM) land in Zincirlikuyu, İstanbul, with a record $800 million bid. Zorlu Real Estate, a subsidiary of ... More


Bulgaria home prices outstrip forecasts

Residential property prices rose 10-15% in January and February 2007, a growth rate previously expected to be achieved over the full-year period, said local realtors. The market seems to have skipped the traditional January ... More


Varna co to invest 7 mln euro in hotel and office complex

Local company Gala Tour said it will demolish the Dimiat restaurant it owns in coastal city Varna and will develop the site in a hotel and office complex. The 7 mln euro project, financed with a 8-year loan, envisages the ... More


Bulgaria govt stalls coastal golf complex

Bulgaria's environment ministry has failed to render a decision on a proposal for a golf complex in the coastal city of Kableshkovo with the law-prescribed 3-month period, said Dario Tomaleti, manager of Kabland, the company ... More


Gazit Globe to invest 200 mln euro in Bulgaria

Israeli real estate investment firm Gazit-Globe Ltd. plans to invest more than 200 mln euro over the next five years to develop 15 to 20 commercial centers in Bulgaria, news agency Reuters reported on Monday, March 5. 'The ... More