Investment 5 661 m² in Pamporovo, Bulgaria

The holiday complex is situated in the north part of complex Pamporovo, quadrant 7 right behind hotel “BOR” and hotel “ARFA” , with area from 1967 m2. The terrain is placed 300m from the main hotels in the resort -“MURGAVETS”, “SNEJANKA” and “PERELIK”. The building is a complex of several constructions with different height, following the gradient and the configuration of the terrain The main automobile way and walkway is from south-east. On level 2 basement from south, where the floor goes out on the terrain, are organized the entrances to the building with the flats, to the swimming pool and the fitness center, and to the underground parking. On this level are situated also a store and a pastry shop with a view to the pool. From the main entrance of the building you reach the entrance hall with 2 elevators and a staircase – they accomplish the communication between the floors in the building. Right next to the entrance is situated the door– keeper/security, who attend the sport complex and the ski wardrobe. The sport complex includes locker rooms, sauna, steam bath / hamam / and swimming pool. The sport complex can be used also by outside customers.

The underground parking has 12 parking places. On the level above the main entrance is situated a restaurant with 50 places, which can be reached by a covered staircase. The basic supply of the restaurant is from the opposite north part of the building in the ground. On the same level in south and south west direction are situated 7 apartments: 1 of the apartments includes a living room with kitchenette and dinning room, 2 bedrooms, 2 bathrooms and a terrace; the other 6 apartments include living room with kitchenette, bedroom, bathroom and a terrace. The apartments are situated in western direction are going out on the terrain above the fitness center. The ground floor of the building goes out on the terrain in eastern direction and it is one floor over the terrain in western direction and two floors over the terrain in southern direction, because of the complicated as configuration sheer terrain. On the ground floor are 13 apartments. 1 of the apartments includes a living room with kitchenette and dinning room, 2 bedrooms, 2 bathrooms and a terrace; the other 12 apartments include living room with kitchenette, bedroom, bathroom and a terrace. The apartments are situated in direction south, east and west.

The 1. and the 2. floor have the same disposition as the ground floor. On 3. floor there is one south-west wing less and the apartments are 9- each includes living room with kitchenette, bedroom, bathroom and a terrace. On the 4. floor falls away one northern wing and the apartments situated there are 5 – each includes - each includes living room with kitchenette, bedroom, bathroom and a terrace.

On the last 5. floor are situated 3 apartments – each includes living room with kitchenette, bedroom, bathroom and a terrace. The so described complex has:

- underground parking for 12 cars

- pastry shop – 20 places

- restaurant – 50 places

- ski wardrobe

- shop

- swimming pool, sauna, hamam, massage

- laundry and drying-room

- werehouse for firewood for the fireplaces

- 63 apartments: 4 of them include a living room with kitchenette and dinning room, 2 bedrooms, 2 bathrooms and a terrace; the other 59 apartments include living room with kitchenette, bedroom, bathroom and a terrace.

- Door-keeper/ security room There is a possibility to build a fire place in each apartment.

The apartments have southern, eastern and western orientation. The roof of the building has a wooden construction on several level with brought out of the flatness of the fasade eaves.

The facades are covered with stone and wood, and on the upper levels the bow window are covered with mineral coat – white color.

The outside look of the complex is most consistent with the complicated and sheer terrain, with the nature and climate conditions in the winter resort, where it is situated and follows the traditional forms and materials of the old Bulgarian architecture, recreated in one modern way.

Apartments:

Walls:

• rooms: living-room, kitchen, corridors –plaster pasteboard painted with latex

• bathrooms: faience

• outside walls: heat insulation facade paint and stone or wood facing

Bathrooms: completely fitted out with sanitary faience, bath-thub/shower cabin on request.

Flooring:

• rooms: living-room, kitchen, corridors: ceramics / laminate by request

• bathrooms: terra-cotta

• terrace: ceramics Electrical installations:

• standard cabling set in corrugated tubes

• switches, wall plugs and lamp terminals

• lighting fixtures for the shared areas and the nearby area

• individual electrometer for each flat

• individual electric boiler for each flat Doors: double-pressed with veneer TV set, cable TV, Internet

Splitair-conditioning installation Intercom system Telephone installation

The construction shall be finished not later than December 2007

Present condition of the construction:

- painting

- assembling of the elevators, bathroom equipment, flooring

Upcoming activities:

-external connections and surrounding area

Technical data:

Plot area: 1 967,00 sq. m.

Total built area: 5 661,17 sq. m.

Possibility for using the spaces below the roof individualizes for dryer-rooms as 10 apartments with total built area 620 sq.m.