Israeli company to build 40 mln euro residential complex near Veliko Tarnovo
Construction
Israeli company said it will invest 40 mln euro in the construction of a residential community near Veliko Tarnovo, Northern Bulgaria. The suburban Veliko Tarnovo Hills development will consist of 10 five-storey apartment buildings with a total of 500 home units and 45 detached houses. In addition to the residential buildings, the 8.7 ha lot, overlooking Veliko Tarnovo, will accommodate medical and retail centers and various sports facilities like tennis courts and swimming pools. The construction of the residential property, with a built-up area of 100,000 sq m, will begin at the end of June and should be completed by mid-2009. The development company also plans to build a residential complex near Arbanasi, near Veliko Tarnovo, and a holiday village in Predela, an area close to Razlog, South-western Bulgaria. www.dnevnik.bg(09.06.2006)