Seaside Holiday Village-Lozenec

The project is about development of a second-home type holiday village on the southern Black Sea coast. The complex is planed to include 291 apartments with a selection of studio, 2 and 3 bedroom luxury finished apartments and one-family houses, all for sale. The wealth of the on-site facilities will comprise two spacious swimming pools situated amidst professionally landscaped grounds, two restaurants, as well as retail and entertainment area. The plot area is 28,758 sq.m. and the projected built-up area is 17,963 sq.m. The total investment will exceed EUR 8.9 million. The site is located in a picturesque part of the Southern sea-coast near Lozenec. It is close to a number of places of historic interest, beautiful landscapes and sunny beaches. The property has pretty good transportation and communication links. BREF has suspended the project for developing the holiday village in result of the more negatively developing market conditions in the holiday real estate segment stemming from the economic downturn and the oversupply of properties on the Bulgarian seacoast.