Released on: January 9, 2008, 3:08 am

Press Release Author: Karrat Group LTD.

Industry: Real Estate

Press Release Summary: The real estate investment group has launched an ambitious
real estate project in Bulgaria's capital

Press Release Body: The real estate investment company Karrat Group Ltd. is now
working on the implementation of City of Fountains - an ambitious real estate
project whose aim is to provide a residential complex fully capable of meeting the
needs of today's home owners and real estate investors in Sofia.

The construction of City of Sofia started earlier this year and the complex is
scheduled for completion in January 2009. When it is ready, the complex will be a
unique residential, business, and recreation spot, offering many amenities and
extras typically demanded by successful professionals seeking a home and not
typically provided by most existing real estate complexes.

City of Fountains is located in Mladost 4 Residential Area - one of the newest and
most rapidly developing Sofia quarters. The complex will have excellent transport
connections to the city centre, to Sofia airport, and to other residential areas,
and a metro station will be located less than 500 away. It will also be very close
to Business Park Sofia - a unique business complex with many offices, cafes,
restaurants, hypermarkets, and Arena Cinema Complex. Almost 200 big local and
international companies are seated in Business Park Sofia, which makes it a major
spot for Sofia's business life.

Apart from being only 400 meters away from Business park Sofia, City of Fountains
will also be close to the Vitosha Ski Gondola and Pancharevo Resevoir, thus
providing easy access to Sofia's favourite recreation destinations in all seasons.

The internal infrastructure of the complex will be set in a uniquely landscaped
design and include a fitness and spa centre, a swimming pool, multi-purpose sports
playgrounds, cafes, restaurants, supermarkets, a boutique shopping area, an on-site
kindergarten, an apart hotel, etc.

These numerous amenities have been carefully selected to meet the needs and match
the lifestyle of Sofia's successful modern residents. The combination of these
amenities and the design of the interior, facades, and the landscape (including
characteristic fountains running throughout the complex's grounds) make the City of
Fountains unique, unlike anything that has been done in Sofia before.

Investment packs of the project have been available as of September at special
promotional prices.


Web Site: http://www.cityoffountains.eu

Contact Details: Sofia,
Business Park Sofia,
building 8,
ent "С", 5 fl,
office 509
http://www.cityoffountains.eu
cityoffountains@gmail.com