Turkish businessman paid 120 million Euro for 700 acres on the south coast of Burgas

Turkish investor receives 700,000 sq m of the most attractive southern part of the Burgas Beach.

The price paid for the precious land on which was located a half-century pride of Bulgarian industry called "Burgas Shipyards" is 120 million euro. On September 18, in the administrative building of the ship factory new owners arrived from Turkey who have also made a picture with the management of the bankrupt company.

Investors' interest in land is not connected with the revival of our heavy industry or any production, and the strategic location of the 70 acres is occurring between the core downtown and future futuristic neighborhood Foros.

In the commercial register has been uploaded notice convening an extraordinary meeting " Burgas Shipyard " JSC , dated October 30, 2013 This ad was made by newly released on September 18, by the executive director Kristalina Grigorova.

On September 18, a meeting of the board, which released all three members - Kristalina Grigorova R. Marinova and Ilian Hlebarov and replaced them with three Turkish names that anyone did not speak - Tokdash Salih, Ayhan Yeldaram and Kenan Gunes.

The initial price is requested for the plot was 226 million, but negotiations fell vendors to 120 million euro. What dictated rapid realization of the deal is unclear. According to records the Annual General Meeting was held on July 19, the extraordinary Board - September 18 , and the Extraordinary General Meeting is scheduled for October 30th.

5 years ago in the land of the factory ship project was for the construction of a huge mall, but the crisis froze it.

Source: http://bg-daily-news.eu

24.09.2013, Real Estates