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Spain's Hercesa to invest 500M euro in Bulgaria

Saturday, Oct 25, 2008

Spanish investor Hercesa Internacional plans to inject 500 million euro in Bulgaria, 210 million of which will be directed toward the building of an entire neighbourhood with fine infrastructure and even a train station to connect its residents to various parts of Sofia, owner Juan Jose Sercadillo-Calvo said at a news conference on October 8 2008, at the National Institute of Archaeology and Museum. In addition to fine quality construction and design, Hercesa Internacional says it would offer potential clients an accessible payment plan to make its product available to more people.
Zelenika residential community will feature 2000 one-, two- and three-bedroom flats in number of small communal blocks. The neighbourhood will occupy an area of 103 000 sq m between Gorna Banya and Ovcha Kupel boroughs in Sofia. The plan envisions a lot of green spots as well as the building of several playgrounds, bank offices, a kindergarten, a pharmacy, hypermarkets, retail facilities, spa and sports centres.
An unusual feature appears to be the Hercesa railway station, which will be servicing trains on the route Sofia-Pernik-Sofia. According to Calvo, it would take between seven to 10 minutes to reach Sofia central railway station and an equivalent time to reach the city's centre.

Source: PropertyWise Bulgaria