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Dutch group investing EUR 80 mln in residential complex in Sofia

Real Estate Developments, a wholly-owned unit of the Netherlands-based Dynamic Group, will invest more than EUR 80 million in the construction of a new residential compound in Bulgaria’s capital Sofia, local news outlet SeeNews reported.

The famous Lionsʼ Bridge over the Vladaya River in Sofia (photo by stoyanh/Shutterstock.com)

The estimated investment in the River Park project, situated at the foot of the Vitosha mountain, does not include the price of the land, news site Investor.bg added.

Work on the River Park project, including the demolition of unfinished buildings located on the site of the future residential complex, started last month and is planned to continue until the end of the year.

The project envisages the construction of 352 residential buildings of different types.