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Plovdiv builder to invest 50M euro in grand-scale project

Tuesday, Jan 06, 2009

Yazov, a Plovidv-based construction company, announced that, on January 5 2009, it would turn the first sod on a 50 million euro project called Sky Buildings, Dnevnik daily reported on January 3.

The plan envisions 21 buildings on a land plot of 3.2ha with a total built-up area of 129 000 sq m, near Assenovgradsko Chaussee and Lokomotiv Stadium.

Two of the buildings meant for office spaces are to boast 27 storeys, making them the tallest facilities in Plovdiv.

In addition, the grand project features 14 residential buildings with a total built-up area of 49 000 sq m and a commercial zone with retail spaces, restaurants, cinema theatres, and spa and wellness centres.

Dnevnik reported that, during preparation of the plot for the upcoming construction, an unexplored Thracian mound was discovered. Yazov said that they would make sure the mound got thoroughly studied, preserved and displayed within the complexÕs premises, but no assumptions as to how valuable the finds might turn out to be have been made.

Sky Buildings is expected to be completed by 2013.

Source: PropertyWise Bulgaria