Bulgarian Property Market

Kavarnas new commercial and administrative complex, the Kavarna City Centre, started operations earlier this month, Stroitelstvo Gradut weekly reported. It had taken a little over a year for Planex OOD to reconstruct and modernise the otherwise unappealing, communistera concrete monster of a building in the centre of town, and subsequently transform it into a modern steel and aluminiumglass structure, which has now become the new administrative and business centre of Kavarna and the surrounding region, the weekly said.

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Yazov, a Plovidvbased 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 builtup 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.