Fairplay Properties invests EUR 220m by 2011

in holiday home developments in Panichishte and Sapareva Banya and in mixed use projects in Sofia. The real estate investment trust holds around 1.1 hectares of land in Studentski Grad in the capital where it expects to start the construction of office and retail space with total built-up area of over 24,000 sq m. Fairplay Properties is also buying out land in the southeastern part of Sofia where it has plans for large-scale residential project. The other significant projects of the company include a spa and health development in Sapareva Banya and holiday scheme next to the non-flowing lake Panichishte (pictured).