Zelnik Properties Newsletter - June 2007 (Issue 3)

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NEWSLETTER

ISSUE 3 -JUN 2007

Zelnik Home	Plovdiv Parcevic	Shipochane Hillside	Pirdop 7 Hills	Beli Iskar Chalet Rila	Beli Iskar Chalet Iskar	Zelnik Gallery

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CHALET ISKAR - BUILdING work progressing well

Building work has started at the Chalet Iskar site in Beli Iskar. Work started in May and has been progressing well. We are updating our site regularly with build reports and photographs so make sure you visit our Chalet Iskar build pages and keep up to date with this exciting new development.

SOFIA AIRPORT CENTRE LAUNCH

On the 5th June, the Mayor of Sofia and the ambassadors to Bulgaria from the UK and USA launched the construction of the Sofia Airport Centre.

The Sofia Airport Centre represents a 250 Million Euro investment and has been described as the "The biggest project in Bulgaria in the real estates field". The AIrport Center will provide a landscaped business park setting for offices, logistic space and a 250 room hotel - located only 300m from Sofia International Airport.

It is expected to attract many major international companies, offering working environments designed in accordance with international standards.

Key features of the project include:

100,000 square metres of Class A offices.
22,000 square metres of prime logistics space.
250 room, high quality hotel with associated dining, recreational and conference facilities.
Professionally designed landscaping, including a central lake and high ratio of green belt areas.
Only 300m from Sofia International Airport.

The project will be developed and managed by Tishman Management Company, a subsidiary of Tishman International Companies and one of the biggest US investors in Bulgaria.

The first phase of the project is expected to be completed by 2008. More information can be found at the offical webite for the Sofia Airport Centre Project.

Buying in Bulgaria? Fed up with all that sales blurb and pressure selling? Get a different perspective of this property hot-spot as we follow a couple of the Zelnik team and their families on a recent holiday to Bulgaria's oldest ski resort ...

As a potential property investor, you would have done your homework on your investment target. Perhaps you have been to a few property shows and been bowled over with the glossy brochures and promises from over zealous salesmen. You've probably spent hours surfing the internet for information on rental markets and calculating potential rental yields. I'm betting that some of you may have taken the plunge and embarked on a viewing trip and spent hours trudging around building sites and attending back to back pressure fuelled sales presentations. But do you now feel suitably well enough informed to take the plunge?

At Zelnik Properties we take a much less aggressive approach. We ensure that your decision to invest with us is well informed, unambiguous and pressure free. So, why not take a few minutes rest from all the hype and read our review of the Bulgarian mountain resort of Borovets and learn first hand what we really thought of this exciting property hot spot.

In our article, we take a light hearted look at Bulgaria's oldest ski resort from a family perspective. Written as a daily blog, join the Zelnik team as they sample the Borovets Apres Ski, race sledges and head off on a Skidoo Safari.

As a taster you can read Day 1 of the blog below. Visit our website for the full article.

FEATURE ARTICLE: Borovets - Does it live up to the hype?

Mark Coleman, 7th March 2007

Day 1 - First impressions

Two weeks until we left for Bulgaria and the Borovets webcam (www.bulgariaski.com) was being checked by Elliott (my seven year old son) on an almost daily basis. It was looking great, over a metre of snow and more forecast! Finally, Saturday arrived and we were off to Gatwick for our three hour flight to Sofia. Our group of fifteen (a mixture of snowboarders, skiers and ‘bladers’) had booked a package through Inghams; flights, a week in a superior room at the ‘Iglika Palace’ hotel, half board, kindergarten and ski lessons for the children and lift passes, all for just under £400 per person (the six day lift pass was £85). I challenge you to find the same value in any of the more ‘traditional’ European ski resorts! An hours transfer later and we arrived in Borovets at around 9 o’ clock to the sight of majestic pine trees frosted with snow.

First impressions of the Iglika Palace; great location in the centre of town, large, comfortable bar, spacious clean rooms and hot food ready for us. Downstairs there was a sauna, massage room and a swimming pool. After dinner we all quickly unpacked and then regrouped in the bar to sample the standard of the local beer ‘Kamenitsa’, all in the name of research! The bar, expertly run by Daniel, was extremely good value. A large beer was 3 Leva (about one pound), a generous shot 4 Leva and decent cocktails 7 Leva. The five children were well catered for in the form of a games room, with table football (2 Leva), a darts game and 4 Sony Playstations (4 Leva for thirty minutes). This was fantastic, as the grown ups could relax with a drink, knowing the kids were safe and happy.

" a week in a superior room at the ‘Iglika Palace’ hotel, half board, kindergarten and ski lessons for the children and lift passes, all for just under £400 per person"