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From: Nigel
ArtDate: 18th December 2006
Section: (FILLYABOOTS NEWS RELEASES)
Remote Name: 87.74.94.174
Date: 06/01/07
Time: 15:37
18th December 2006
Lewis Charles Sofia Property Fund Acquires a Fourth Plot of Land in Dolna Banya, Bulgaria
News Item - Conduit PR
A further plot of land, which has a construction permit for residential development already in place, has been purchased in Dolna Banya.
The Fund has now invested approximately 78% of the funds raised at admission into property in Bulgaria.
The Lewis Charles Sofia Property Fund Limited (AIM: LCSS) (the Fund), the Bulgarian residential property investment fund, today announces that it has bought an additional c18,200 square metres of land in Dolna Banya. The total consideration for this latest plot is EUR726,000.
The plot already has a construction permit for residential development. The plot used to be the site of a saw mill and some of the original buildings, machinery and a water mill are still there. The Fund hopes to turn some of these into a feature of the development.
Dolna Banya itself is an ancient settlement famous for its hot mineral water springs. The town was an ancient centre of Roman administration and still contains well- preserved Roman baths and paved Roman roads. The ruins of the Venetitsa, an ancient Orthodox monastery, are close by.
Edward Portman Conduit PR Ltd 76 Cannon St London EC4N 6AE Office: +44 (0) 20 7429 6666 Direct: +44 (0) 20 7429 6607 Fax: +44 (0) 20 7429 6699 Mob: +44 (0) 773 3363 501
www.conduitpr.com
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