400 Million Euro Investment In Mixed Complex Near Bulgarias Capital

Gardens Group company plans to invest in a large-scale project of mixed type near Sofia's village of Lozen.

The investment would total 400 million euro, investor. bg reported. The name of the complex would be Garden City and it would cover 600 000 sq m.

The complex would include nearly 200 apartments, 240 houses, trade centres, office buildings, a sports centre, a school and a kindergarden.

The project is expected to be completed by 2012.

More than 100 000 sq m of the terrain would be covered with green areas. The sales price of Garden City is expected to reach 500 to 600 million euro.

Gardens Group started construction of its Bistritsa Gardens residential complex on September 20. The new complex at walking distance from the centre of the village of Bistritsa. It would include 52 one-family houses with total build-up area of 16 000 sq m.sofiaecho.com