30 July 2007, Varna - Orchid Developments Group met the media to present its unique Grand Mall project to be implemented in Varna. The Class I Investor certificate awarded in June this year was also presented at the meeting held at Splendid Hotel. Grand Mall will be constructed close to the bus station in Vladislav Varnenchik Boulevard in Varna. The project investment exceeds EUR 100 million. It will be a mix of both commercial and office areas offered to its lessees. The total built-up area will be over 150 thousand square meters and the commercial areas to let will reach some 45 thousand square meters. This will make Grand Mall the biggest multi-purpose facility in Varna and one of the largest in Bulgaria. The unique nature of the project is determined also by the 40 thousand square meters of office areas planned in three office towers over the commercial part.
Varna (PRWEB) July 30, 2007 -- Orchid Developments Group met the media to present its unique Grand Mall project to be implemented in Varna. The Class I Investor certificate awarded in June this year was also presented at the meeting held at Splendid Hotel.
Grand Mall will be constructed close to the bus station in Vladislav Varnenchik Boulevard in Varna. The project investment exceeds EUR 100 million.
It will be a mix of both commercial and office areas offered to its lessees. The total built-up area will be over 150 thousand square meters and the commercial areas to let will reach some 45 thousand square meters. This will make Grand Mall the biggest multi-purpose facility in Varna and one of the largest in Bulgaria. The unique nature of the project is determined also by the 40 thousand square meters of office areas planned in three office towers over the commercial part.
Eli Egosi is an adviser to the Board of Directors of Orchid Developments Group for the implementation of the Grand Mall project. The former CEO of Mall of Sofia has exceptionally rich experience in this area and will, undoubtedly, show his best to ensure the success of the new large-scale project.
The overall planning and design of Grand Mall are entrusted to M-Y-S (Moore-Yasky-Sivan Architects) who have huge experience in the development and implementation of such projects. Their numerous projects include also the most attractive mall in the capital city and the country at large, i.e. Mall of Sofia. In the course of the construction of Grand Mall, M-Y-S will cooperate with studio LAGIS Ltd., Varna with Iskra Nikolaeva as its Chief Architect. The exclusive broker for renting the commercial and office areas in Grand Mall is the international consulting company Colliers International.
The investor intends to hold the ground-breaking ceremony of Grand Mall at the end of this summer. The official opening is planned for 2009.
Orchid Developments Group is one of the largest investors in Bulgaria. The company is working in several segments of the real estate market. Orchid Developments Group owns and runs hotels in the Golden Sands resort. Currently, the company is implementing two big housing projects in Varna and Sofia: Orchid Hills Varna и Orchid Hills Sofia.
Orchid Hills Sofia is located in Simeonovsko Chausse. It is cosy, functional and comfortable. It is a closed-type luxury residential area with a terraced park and a beautiful view on the mountain of Vitosha. Next to it is the neighbourhood with the residence houses of many diplomatic missions to Sofia.
Orchid Hills Sofia offers two types of housing units - flats and studios. The flats on the ground floors have extensive ground terraces going onto the internal park area. The inhabitants of the housing units in the upper tiers enjoy spacious roof terraces with a magnificent view on Vitosha. The studios are mono-space housing units with kitchen boxes and sanitary facilities. Some of them have a separate bedroom. Orchid Hills Sofia enables buyers to model the space on their own by merging to adjacent flats either horizontally or vertically.
Orchid Hills Varna is the largest closed-type residential area in Varna. It is under construction in Vazrazhdane district in the vicinity of Kaufland hypermarket. It is surrounded by a beautiful natural park. It is peaceful and comfortable. Construction works started in July 2006 and will be completed on a stage-by-stage basis. Upon completion it will include over 500 flats, as well as commercial and entertainment facilities, a spa centre and a service area. The access to Orchid Hills Varna is both pedestrian and motorized. There are three types of parking lots: underground parking places, closed ground garages and open-air parking places accommodating a total of 407 vehicles. The entrances to the garages are located on the outer side of the road surrounding the area to make sure that automobiles do not disturb the quiet atmosphere of the inside park. The underground parking lots are connected to the building over them by means of a list and a staircase which provide easy access of the inhabitants to their homes after they park their cars.
The compound will consist of 22 residential buildings. The basic construction works of eight buildings have already been completed and finishing works are ongoing. They belong to the first phase of the construction which is expected to be completed in December 2007.
The housing units fit harmoniously in the overall design of the compound. Generally, there are four types of flats: one- and two-bedroom flats, lofts, and studios with the opportunity to combine and model the private space. The floorage of the available housing units and those under construction ranges from 40 to 130 square meters.
Over 50% of the flats built by Orchid Hills Varna have already been sold out. Particularly interesting are the lofts which are currently being offered at a promotional price. They open up an incredible view on the surrounding natural park and the Varna lake. The ground-floor flats are designed with spacious terraces amidst green areas to allow maximum use by the owners.
As well as residential compounds, Orchid Developments Group manages four-star hotels at Golden Sands. Yavor Hotel is located right in the middle of the resort only 150 meters away from the sea shore. It has 202 rooms and 22 suites situated in the two wings of the building, each with a separate reception area and a swimming pool. The hotel features four lifts, a lobby bar, a winter garden, a spa centre, a fitness room, a beauty salon, and a room for games. The furnishing of the rooms can meet the standards of even the most demanding guests.
Golden Yavor Hotel, too, is located 150 meters away from the sea shore at a distance of 18 km from Varna. The hotel has 140 suites, 22 studios and 5 double rooms with comfortable furnishing. The hotel has a spa centre, sauna and jacuzzi, a swimming pool, a fitness room, a beauty salon, and a night club offering entertainment to the guests each night.
For further information please contact, M3 Communications Group, Inc., Sofia, Bulgaria
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