Released on: January 6, 2008, 3:57 am

Press Release Author: John Adam

Industry: Real Estate

Press Release Summary: The real estate investment company aims to offer something
completely different from everything which is currently available on Bulgaria's
property market.

Press Release Body: The real estate investment company Karrat Group is currently
implementing an ambitious Sofia real estate project named 'City of Fountains', to be
completed in early 2009.

City of Fountains is a multifunctional complex with 18 residential buildings, 2
Class A office buildings, and various amenities. Its total area will be 35 230 m2.
The main aim of the project is to provide Sofia's home seekers and property
investors with something markedly different from everything that has been done
before in Sofia.

The complex is located in Mladost 4 Residential Area, only 400 m away from Business
Park Sofia, the city's largest office and business complex housing almost 200
companies, numerous restaurants, the Arena Cinema Complex and several hypermarkets.
It has excellent transport connections to Sofia's city centre and to the Vitosha
Mountain (a favourite destination for skiing, hiking, and recreation for the
citizens of Sofia), and is also conveniently close to Sofia Ring Road, which ensures
easy access to other parts of the city and the country.

The buildings in City of Fountains will be surrounded by vast recreational green
areas whose design has been prepared by a leading international company with the
purpose of creating a unique style for Bulgaria and uniting the separate elements
within the complex. A remarkable feature will be the fountains, something new for a
Sofia real estate project. In order to ensure that the original high quality and
standard of the complex are preserved, a management company will start operation
after the project is completed.

Besides the high quality, comfort, and excellent location, City of Fountains will
also offer unrivalled amenities, carefully selected by the investors to meet the
daily needs and demands of today's successful professionals and families. There will
be a large fitness and spa centre, a swimming pool (covered in winter and open in
summer), various sports facilities, an on-site kindergarten, an apart hotel,
restaurants and cafes, as well as a big retail centre with a supermarket and various
shops.

The residential complex will be comprised of a total of 750 apartments with area
ranging from 45 to 200 m2. As of 10th September 2007, investment packs of the
projects have been available for sale at special promotional prices.


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

Contact Details: Karrat Group EOOD
Sofia,
Business Park Sofia,
building 8,
ent "С", 5 fl,
office 509
00359 2 974 2750
http://www.cityoffountains.eu
cityoffountains@gmail.com