Orchid Gardens Varna – multi-use retail, offices and residential complex receives final permits

6 Dec

Bulgarian-focused property developer and investor Orchid has announced the formal opening of Orchid Gardens Varna, its multi-use retail, offices and residential complex, having received its final permits.

Orchid says this follows frustrating construction delays due to issues with the contractor.

Orchid Gardens Varna is one of the largest multi-use complexes ever built in Varna; the project has 42,000 sq.m of built area with 16 floors above ground and 3 floors below ground.

It combines two levels of retail space (7,700 sqm), four levels of office space with 88 units (9,500 sqm), 10 levels of luxury apartments with 107 apartments (12,100 sqm) (of which 10 have already been sold) and 13,270 sqm of underground parking.

Orchid Developments Group Ltd. engages in the real estate development and hotel operations in Bulgaria. The company involves in the development and leasing of office space, shops, and entertainment and leisure complexes; and the development and sale of apartment units. It also engages in commercial, financial, lending, borrowing, trading, sale, and purchase of real estate; and provides tourist services. Orchid Developments Group Ltd. was incorporated in 2004 and is based in Sofia, Bulgaria.