25 M EUR Project to be Build in Bulgaria's Panichishte

03.08.2007

Author: Blaga Bangieva

Fair Play Properties' company starts the realization of new project -constructions of hotel and vacancy apartments' complex in Panichishte resort.

The project foresees investments for 50 million BGN (25 million EUR), informed money.bg.

The complex is unique in its situation (Northern foot-land of Rila mountain).

The investors have elaborated special 'Plan for recovery and protection of environment' and 'Investment plan with infrastructure importance for 'Separeva Banya' municipality.

The project will be erected over a 31,800 sq m, which includes luxurious hotel with 103 rooms and buildings with 308 vacancy apartments with addition of green areas, public services and attractions.

The company's strategy foresees the hotel to become an investment property and the vacant apartments - on the sale market, said Maniu Moravenov, executive director of 'Fair Play Properties'.

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