BLD to shed winter, seaside projects in Bulgaria

Article Date : 23 September 2008
News Section: Bulgaria

Residential property developer Bulgarian Land Development BLD said it has put up for sale its holiday projects Riverland in the western ski resort of Borovets and July Morning in Kavarna, on the northernmost Black Sea coast.The fund is pressed to sell by shareholders demanding bigger profits and better return on equity, BLD executive director Dimitar Savov said, adding that the projects have attracted prospective buyers from Russia and the Middle East...

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Article provided by The Sofia Echo.
Read the full article here: http://www.sofiaecho.com/article/bld-to-shed-winter-seaside-projects-in-bulgaria/id_31908/catid_74

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