Construction of the 200 Mln Leva Winslow Gardens Projects Starting Today

Construction of the 200 Mln Leva Winslow Gardens Projects Starting Today

The first sod on the construction of gated residential complex Winslow Gardens was turned today. Stage one should be completed by mid-2010.

The project will cost some 200 mln leva, 105 million of which will be spent on stage one. Some 9 million leva will enter the state budget as taxes and fees.

As already wrote, the project was awarded a Class A Investment Certificate by the Ministry of Economy and Energetics.

Construction will be executed in three stages. Stage one involves the building of the first Bulgarian residential complex to have its own gas supply network, and the only one, which has been designed as environmentally friendly.

Stages two envisages the construction of two gated residential complexes and stage three is the construction of a multifunctional complex that would comprise office and residential buildings.

Winslow Gardens will be built on some 22.2 decares, of which 12,000 sqm of greenery.

The complex will comprise a SPA Cneter, a gym, a 2,000 sq m swimming pool, underground parking lots, 6 low-rise buildings hosting 444 apartments, restaurants, shops, a pharmacy, medical offices, day care, a beauty salon, dry cleaners' etc.

At the beginning of April Winslow Development officially announced their financial partnership with Raiffeissen Bank Bulgaria. The bank has provided more than 72 million leva for stage 1.

Glavbolgarstroy has been appointed chief constructor of stage 1. The project design has been created in studio Proacrh by a team of experts lead by architect Maya Yovcheva.

The investors are Winslow Development and RREEF – the investment unit of Deutsche Bank AG.

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