The Fund will invest in early stage residential developments mainly, but not exclusively, in and around Sofia and its adjacent ski resorts to achieve long-term capital appreciation. The Funds preferred method of Investment will be through partnerships with developers. The fund will pay the developer an initial deposit representing a percentage of development costs. The developer is then responsible for the remaining balance of the costs. The developer uses the deposit to commence construction of the property to be purchased by the fund. The fund pays the balance of costs to the developer on completion of the project. It is intended that the firm will sell on all property prior to completion on an off-plan basis.
Links:  http://www.globalfunddata.com/funds/new/performance/management?variant=Sofia Property Fund Ltd
 http://www.globalfunddata.com/funds/new/performance/fund_administrator?variant=Bachmann Fund Administration Limited
 http://www.globalfunddata.com/funds/new/performance/strategy?variant=Property - Direct Europe
 http://www.globalfunddata.com/funds/new/performance/structure?variant=Closed Ended Investment Company
 http://www.globalfunddata.com/funds/new/performance/city?variant=St. Peter Port___Guernsey
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