The total value of the investment poured in the project will exceed 100 mln leva (51.129 mln euros). Zone 2 and 3 are expected to be completed by summer 2009.
The complex occupies an area of 160,000 sqm. Sofia Building Company said that so far it invested 2 mln leva in underground infrastructure and 200,000 leva in landscaping.
The municipality is planning to build a subway station near the complex, in just a 5 min walk from the buildings.
The company Sofia Building Proprietor has been established with the sole purpose of providing maintenance and security to the complex, for which each household will be charged 30 leva/month.
In April 2007 Mr. Stoyan Stalev, CEO Bulgarian Investment Agency presented a First Class Investor Certificate to Sofia Building Enterprise AD on behalf of his institution.
Sofia Building Enterprise received the prestigious prize after it had invested at least 71 mln leva in its next project - Tsarigradski Mall. The shopping center will be situated on an area of approximately 20,000 sqm in close proximity with Tsarigradski Complex, which is the biggest residential complex of a closed type in Sofia.