Released on: February 11, 2008, 1:10 am

Press Release Author: Karrat Group

Industry: Real Estate

Press Release Summary: The property investment company is working on a Sofia
residential complex of new standards

Press Release Body: Real estate investment company Karrat Group is currently
developing City of Fountains - a new residential complex in Sofia which aims to be
the first project to fully meet the demands of successful professionals and families
that constitute the majority of today's property seekers.

City of Fountains, the first phase of which will be completed in the beginning of
2009, will be located in Sofia's quickly developing Mladost 4 Residential Area, and
will consist of 18 residential and 2 office buildings. The complex is within walking
distance from Business Park Sofia, South-East Europe's largest and fastest
developing business and office complex, with over 200 company offices, many
restaurants, cafes, various amenities, and Arena Cinema Complex. Besides its
proximity to Business Park Sofia, City of Fountains will have excellent transport
connections to the city centre ( by car, bus, and metro), to the airport, as well as
to the Vitosha Mountain, which is a favourite weekend destination for many of
Sofia's residents.

The complex will have unique landscape, exterior, and interior design that will make
it stand out against the background of all property construction in Sofia. It will
be the only one with fountains running throughout its grounds, as well as many green
recreation spots to make the atmosphere uniquely calm and pleasant. And to offer its
residents all that they could possibly need, City of Fountains will have a large
range of amenities, including a big fitness and spa centre, a swimming pool, a
shopping centre, a supermarket, an on-site kindergarten, an apart hotel, and many
others.

Property investment in Sofia has been booming in recent years as the capital grows
and demand rise. In the beginning of this year, a BBC survey pronounced Bulgaria to
have the best investment potential in the European Union. While many investors have
already entered the market, there is place for newcomers, and especially for
companies which would be able to offer property-seekers something maximally close to
their needs and lifestyle.

Sofia still has an acute need of complexes such as City of Fountains - something new
that has never been done before, but which can meet the high expectations of the
majority of people looking for a new home or investment opportunity - usually
successful professionals with a very dynamic lifestyle, busy days and high
expectations.


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

Contact Details: Sofia,
Business Park Sofia,
building 8,
ent "С", 5 fl,
office 509
cityoffountains@gmail.com
http://www.cityoffountains.eu
+359 2 974 2750