Fri, Feb 10 2012

Terra Tour to invest 71.8M leva in Pravets Golf & Spa Club

Mon, Mar 10 2008 17:32 CET

bywww.propertywisebulgaria.com

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Terra Tour Services, a subsidiary of Agrohold JSC, will invest 71.8 million leva in Pravets Golf & Spa Club, to be located near the town of Pravets, some 50km north-eastern of Sofia, profit.bg reported on March 10.

The vacation compound will comprise a five-star hotel, a sports complex, an 18-hole golf course, a casino, a modern spa centre, apartments, single-family houses and luxury villas. There will be a lot of nooks within the resort, which will be denoted as "private" areas and will have limited access, restricted to club members.

Terra Tour Services has been granted a first-class investment certificate for the project and has 10-year experience with investing and operation in recreational and residential establishments. Its parent company Agrohold is owned by Valentin Zlatev, chief executive of Russian oil company Lukoil's Bulgarian arm.

The golf course project was designed by Harradine-Golf. Set up in 1929, it has developed more than 200 golf courses in Europe, Africa, Asia and the Middle east. Pravets Golf & Spa Club will feature an 18-hole Professional Golf Association (PGA) standard 72-par, 6 510 m-long golf course.

The hotel complex, the villas, apartments and houses were designed by Proarh Ltd architectural studio. Construction will start in June this year and is expected to finish by 2011.

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