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Start > News > Bulgarian Off-Plan Properties >
Bulgarian construction co Planex eyes Romanian expansion |
Bulgarian construction company Planex Holding is vetting the market in neighboring Romania with a view to a cross-border expansion.
Things are still at the stage of preliminary contacts but the expansion is just a matter of time, Planex manager Plamen Andreev told Dnevnik.
The company executive did not specify a timeframe for the operation.
The current priority for the company will be to strengthen and broaden its footing on the domestic market.
The to-do list for 2008 includes the completion of several vacation villages and a mixed-use building with a residential component and a built-up area of 40,000 sq m in Sofia.
The top project in the 2008 pipeline is the Viva housing compound. It will cost 30 mln euro, including 2 mln euro in land acquisition expenses.
The development comprises four residential buildings, two of which have been completed. The total built-up area will be 70,000 sq m.
Another 7 mln levs have been slated for the Kavarna City Center mixed-use office and retail scheme in coastal city Kavarna. It will be completed in 2009.
Planex is also launching a residential development in Kavarna.
The company is currently investing in concrete depots in Varna and Kavarna, said Andreev. They already have excess capacity to take external orders.
Planex is a group of 10 companies active in investment planning and management, feasibility studies, construction, assembly and outfitting of residential, resort and industrial buildings |
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07.12.2007
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Dnevnik Daily |
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Land Plot Residential, KOSHARICA
39700€
Apartments 1 Bedroom, Centre
180000€
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