Israeli Electra to develop residential scheme in Varna
Israeli real estate developer Electra Group has started building on its first Bulgarian project – a gated residential community in Varna, to be named Botanic VIP Residence, the company’s sales manager Petar Petrov told Dnevnik daily on March 30.
The complex, in direct proximity to Varna botanical gardens, will cover 1.2 ha of land and will comprise seven buildings, with a total of 216 apartments. According to Israeli media, Electra acquired the piece with the ready project in 2006 at the price of 4.56 million euro.
The expected gain after selling the apartments is expected to reach 80 million euro. Three of the apartment blocks are scheduled for termination by the end of the year. Off-plan prices start at 1 350-1 500 euro a sq m.
Electra’s pipeline enlist another three projects in the Varna area - an office building and a mixed-use scheme in the city and a 53 ha residential community in the vicinity of area village Kalimantsi, Dnevnik wrote.
Christo and Kiki provide an incredible customer service experience.They both helped me through every strp of the house buying process.They exceeded my expectations in terms of answering questions attentively and concisely. I recommend this company because tney care about the customer and have a lot of patience with my endless questions which I am very grateful for..Kiki and Christo bent over backwards to hrlp me,even collecting me ftom my hotrl and shoeing me around.Bulgarian House is the best estste agent I have dealt with and if you want a positive ,frienfly and professional experience look no futher than this great compsny,tjanks guys!!?
— James Robinson, Umited Kingdom