Hercesca International, the Spanish property developer has announced plans for a new £500 million property development in Bulgaria, situated between the cities of Sofia and Pernik.
The development, which will include over 2,000 apartments is a clear indication of Hercesca Internationals confidence in the Bulgarian Property Market, especially relevant at a time when many reports are suggesting the market maybe showing early signs of over-supply. The first phase of the new development is due for completion in 2012, with the whole project due for completion in 2016.
The new development also includes plans for a new railway station, which will allow residents a short commute into the nearby cities of Sofia and Pernik with trains every 15 minutes.
