The real estate investment company Karrat Group Ltd. is developing a project aimed to set new standards for apartments aimed at the professional middle-class in Sofia.
Bulgaria, People's Republic of (Press Release) November 7, 2007 --
The real estate investment company Karrat Group Ltd. is working in close collaboration with Colliers International and some of Sofia’s biggest construction and design companies to implement an ambitious project called “City of Fountains”, with which it aims to change traditional apartment building conventions in Sofia and create the first up-market complex of its kind.
“City of Fountains” will be located in Mladost IV Residential Area, in the south of Sofia. The main theme of the top-class project will be the fountains running throughout its grounds – unique for Sofia apartment complexes. The focus of high quality life-style will be rendered in several ways. In terms of design, the apartment complex will have unique architecture and interior design, especially created for comfort and relaxation, enhanced by an extensive recreation park area in which the complex is set.
To the peacefulness and superb design of the residential premises will be added the convenience of multiple sports facilities, including a large Spa and fitness centre and a swimming pool, a significant retail and area and an on-site kindergarten for the children of residents of the complex and surrounding area. Two premium office buildings will also form part of the project. “City of Fountains” is also conveniently located only 300 m away from Business Park Sofia, the largest business and office complex in the city where many international companies have located their regional office, and in close proximity to Arena Cinema Complex, hypermarkets Kaufland, Hit, and Technopolis, as well as many restaurants. Transport connections to the city centre and suburban areas are conveniently close, as is Vitosha Mountain and Pancherevo Resevoir, preferred weekend recreation destinations for the residents of Sofia.
In order to ensure that the contemporary design and the original high standard of this new Sofia apartment complex is maintained, a specialized property management company will be responsible for the management of the completed project, organized as a filial structure to the investor.
The partners of Karrat Group Ltd. in this ambitious project for the implementation of the first top-class apartment complex in Sofia are some of the most influential companies on the Sofia real estate market. The main contractor for the project is SD Bocal-S, one of the leading construction companies in the capital. The design is the work of Rumina AM EOOD, a company with proven success in real estate design and architecture. Independent construction supervision will be performed by Consultant Engineering Group, which is one of the 3 largest companies in this field in Bulgaria. The consultant, also the exclusive sales agent for the commercial real estate for “City of Fountains” is Colliers International, the worldwide affiliation of independently owned and operated companies.
“City of Fountains” will be located in Mladost IV Residential Area, in the south of Sofia. The main theme of the top-class project will be the fountains running throughout its grounds – unique for Sofia apartment complexes. The focus of high quality life-style will be rendered in several ways. In terms of design, the apartment complex will have unique architecture and interior design, especially created for comfort and relaxation, enhanced by an extensive recreation park area in which the complex is set.
To the peacefulness and superb design of the residential premises will be added the convenience of multiple sports facilities, including a large Spa and fitness centre and a swimming pool, a significant retail and area and an on-site kindergarten for the children of residents of the complex and surrounding area. Two premium office buildings will also form part of the project. “City of Fountains” is also conveniently located only 300 m away from Business Park Sofia, the largest business and office complex in the city where many international companies have located their regional office, and in close proximity to Arena Cinema Complex, hypermarkets Kaufland, Hit, and Technopolis, as well as many restaurants. Transport connections to the city centre and suburban areas are conveniently close, as is Vitosha Mountain and Pancherevo Resevoir, preferred weekend recreation destinations for the residents of Sofia.
In order to ensure that the contemporary design and the original high standard of this new Sofia apartment complex is maintained, a specialized property management company will be responsible for the management of the completed project, organized as a filial structure to the investor.
The partners of Karrat Group Ltd. in this ambitious project for the implementation of the first top-class apartment complex in Sofia are some of the most influential companies on the Sofia real estate market. The main contractor for the project is SD Bocal-S, one of the leading construction companies in the capital. The design is the work of Rumina AM EOOD, a company with proven success in real estate design and architecture. Independent construction supervision will be performed by Consultant Engineering Group, which is one of the 3 largest companies in this field in Bulgaria. The consultant, also the exclusive sales agent for the commercial real estate for “City of Fountains” is Colliers International, the worldwide affiliation of independently owned and operated companies.
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