Greeks of Tsarigradsko topteren bought for 8.5 million

Market is a sign of land that is alive. After a long drought, with no major transactions Greek company violated the status quo. Days before Alpha Astika akinita „pay 8.5 million for a topteren Blvd Tsarigradsko Shosse in Sofia, near the Hotel Pliska.
The plot area is 2.864 ha and is the „first line of the boulevard – to the building of the Bulgarian Academy of Sciences, which institutes in molecular biology and physiology of plants. On the south side of the property is a business center „Active“.
Alfa Astika akinita „(translated from Greek -“ Alpha City property) is a subsidiary of the holding company Alfa Group. Part of it is the Alpha Bank, which since 1995 operates in Bulgaria. The idea is over the property to be built headquarters of the vault.
Accounts «show that the Greeks have bought land for 2,970 euros / square. m more interesting is the other indicators, which measure such transactions – the price at 1 sq. m up area (area) of the site. Elin will build a 10-storey building with an area of 16 267 sq. m. This means that their land was issued in € 523, 1 sq. m area.

Much or little they have paid?
In April 2007 an area of the other side of the boulevard area of 6.512 ha was marketed to 17 million. These were former avtoserviz East. Buyer again Greek company – Global faynans. Out their land in 2610 euros per sq. m. It plans to build a mixed complex with 40 000 sq. m area, which means that the area is out at 425 euros for 1 sq. m area.
Two years later, in the climax of the property crisis, the boulevard „Tsarigradsko Road“ is a higher price for land. Brokers attributed the deal with the lack of vacant land in Tsarigradsko road „before fork of the airport. Other firms looking for logic in the profile of the buyer – Bank, which has long-term goals in Bulgaria, and not bother to pay a price near the upper limit of the market.
„Surely the seller has done a great deal. If it were not for central bank, the investor would be hard to kill the money. By adding the construction, design and infrastructure to make profit, it should sell the premises for more than 1500 euros per sq. m – something difficult in the current situation, „said Ivanov fear, Governor of Burgas.
Alfa Bank is very own property, since it is paying a huge rent for the building of the Square „National Assembly“ – the order of 400 thousand euros per year. Sources of Labor „confirmed that the Greeks were looking for land for quite some time. Look at the terrain and have Blvd Todor Aleksandrov. Have given up at € 600, 1 sq. m living area, so we were a deal from predovolni Blvd Tsarigradsko road.
According to brokers will remain one of the few purchases of land this year.
Analysis of Raiffeisen Property indicates that buyers are still waiting position sneak attractive offers and expect price declines to continue. Market risk are set only investors who see long-term options to increase or improve the quality of its property portfolio.
Therefore the number of transactions in property in Sofia is to destroy 58 percent for the first six months versus the same period in 2008 As the market dynamics is back at 2005, say from Raiffeisen Property.
And Lafchis Thomas was the owner of the parcel
Former president of football club Levski Thomas Lafchis until recently was one of the owners of the land of savory Blvd Tsarigradsko road.
The Dutch company „Central Europe Group, whose representative is Lafchis, buy land for 5.5 million meters in June of sellers were two Israelis.
In Central Europe Group shareholders Lafchis Thomas, former footballer of „AJAX“ La Ling Chen and Dutch people. The former „blue“ and president of La Ling were teammates in the Greek „Panatinaykos.
Lafchis Thomas has several projects in the field of real estates in Bulgaria. The largest is 800 acres to Dam Iskar – 250 luxury houses and 550 apartments. The „Working“ Lafchis said that the projects are frozen because of the crisis.
At the end of the month on „Central Europe Group are sold on the ground Blvd Tsarigradsko road“ unknown „Murat Enterprise“, in which shareholders are two companies from the Virgin Islands. Before the days „Murat“ preprodadoha property of Alfa Group.

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