50m [ounds sterling]Bulgarian holiday home fund launches; Private investor: all you need for your client's and your own
Topic 1Property Week50m [ounds sterling]Bulgarian holiday home fund launches; Private investor: all you need for your client's and your own portfolios; Brief ArticleFebruary 4, 2005DEVELOPMENT CAPITAL Management (DCM) this week launched a 50m [pounds sterling] fund to invest in off-plan property in the holiday hot spot of Bulgaria. The AIM-listed Black Sea Property Fund has already secured options on 1,300 seafront properties, to be built in the next two to four years, at an average discount of 50% to current market prices.
