Israeli Electra to develop residential scheme in Varna
Israeli real estate developer Electra Group has started construction on its first Bulgarian project a gated residential community in Varna, to be named Botanic VIP Residence, the companys sales manager Petar Petrov told Dnevnik daily on March 30.The complex, in immediate proximity to Varna botanical gardens, will cover 1.2 ha of land and will comprise seven buildings, with a total of 216 apartments. According to Israeli media, Electra acquired the plot with the ready project in 2006 at the price of 4.56 million euro.