The Linexa Property company has announced plans to invest around 100 mln levs in a sports and entertainment center near Razlog, a Bulgarian town situated in the foothills of the Pirin mountain some 150 km south of Sofia.
Linexa own on a competitive basis a 10 ha of municipal land, starting the bidding at 1 mln levs.
According to the company website, Linexa is involved exclusively in residential development in Sofia, along the Black Sea coast and in Bulgaria's ski resorts. Linexa has already invested in the Slantse Villas, a residential community in Sofia's Dragalevtsi borough consisting of 8 detached houses.
The opportunities for year-round tourism in the Razlog area have attracted a host of investors. Britain's Adventis International Property Development has prepared a 100 mln euro project for a 500-house luxe community that will occupy a 70 ha site in the Betolovoto-Tsarnako locality while Bulgarian company Balkanstroy wants to spend 100 mln levs on Pirin Golf Holidays Club, a sports and entertainment center.