OUT WITH THE OLD
The demolition of 130 run-down buildings in a former industrial zone of 68.8ha began near the city of Razlog, Stroitelsvo Gradut weekly reported.
Two production factories, which have been idle for more than five years, are also being pulled down. It has been said that the remaining construction waste will be recycled, and parts of it re-used for road construction. The new owner, Pirinland Investments, plans to reconstruct some of the production facilities and build new recreation and entertainment zones where the old factories stood.

REAL ESTATE EXPO
From October 10 to 12, the fourth Balkan Real Estate Conference (BalREc) will take place at the Inter Expo and Congress Center in Sofia. Spread over 4000 sq m, the property exposition will feature 300 projects presenting different segments of the construction business. More than 150 exhibitors, including leading Bulgarian and foreign developers and investors, real estate agencies, financial and credit organisations, will present their latest projects and services to existing and potential customers.

ATTRACTION
A mock-up medieval castle will greet travellers in the Veliko Turnovo region in the autumn. Occupying a land plot of 0.4ha within the territory of the village of Arbanassi, this road-side attraction will feature a spacious restaurant and a lodging facility, Stroitelstvo Gradut reported. In the spirit of an old castle, the building’s edges will be flanked by turrets. The path leading to the main gate crosses an attractive wooden drawbridge over a moat with running water. The envisioned restaurant Attraction will feature a multi-functional hall with 384 main rooms and 60 additional seats. The hotel will have a total of 28 beds. 
 

SPANISH INVESTMENT
A Spanish developer will invest 500 million euro in constructing a gated residential property along the road between Sofia and Pernik. The land is nearby the Sofia boroughs of Gorna Banya, Ovcha Koupel and Zapaden Park. The company intends to build a railway station in the estate compound, allowing residents to commute easily to either Sofia or Pernik. The project features more than 2000 flats with a total living area of 240 000 sq m. Prices will vary between 800 and 1100 euro a sq m. Completion of the entire project is expected by 2016.