Real estate

The Bulgarian real estate sector is undergoing a period of continuous boom in line with the strong performance of the tourist sector and its accompanying construction of recreation facilities, with the growing housing demand, and with the overall economic growth and increase in the purchasing power of the population. The rapid expansion of the real estate sector is facilitated also by the increasing availability of credit.

NECA together with its affiliated company New Europe Capital Partners LLC is in an excellent position to facilitate a seamless execution of all mission critical milestones of entering and/or expanding on the Bulgarian real estate marketplace. The companies offer a variety of services including analyzing, identifying and securing the most suitable real estate locations in terms of infrastructure suitability, cost efficiency and availability; providing access to and leveraging existing relationships with key regulatory and administrative institutions at both local and central government levels; subcontracting, monitoring and overseeing project execution; facilitating equity and debt financing for built-to-suit and pre-leased projects.

NECA advised Alexandra Group, a leading Bulgarian media group, on the development of and finance-raising for Kino Arena, a EUR 15 million multiplex cinema development, one of the largest leisure developments in Bulgaria.