Second Ibar Golf Complex in Dolna Banya for over 100 Million BGN

Investor.bg, with VisitBulgaria.NET, 30 July 2007

The investors of Golf Club Ibar near Dolna Banya received a first class investor certificate for their second golf complex, which is to be constructed in very close vicinity to the first one.

The investment project “Golf & Spa Complex Ibar 2” runs up to 106.5 million BGN and is part of a large conception for Dolna Banya economical development.

The golf complex will include golf club, trade centres, sport complex, hotel and spa complex, one-family villas.
The project plans construction of 18-hole golf course, Bears Best par 3, which will actually be one of the first such projects worldwide, the investors stated.

This is a new conception of the designer company “Nicklaus Deign”. The amount of the golf course investments is estimated to 17.5 million BGN.

The complex will feature 300 one-family villas, which will be constructed on a total area of 45 000 square metres, to the total value of 45 million BGN.

Construction of a five-star hotel with spa centre to the total value of 30 million BGN is also planned. 14 million BGN will be invested in road works, water supply, electricity, irrigation networks and grassing.
The construction is planned to start at the end of 2007 and should be finished by 2010.

The new complex will be situated very close to the first project of the investors – Golf Club Ibar, whose construction is almost at an end.

Investors of the two projects are Kiril Nedev and Iliya Lazarov. “Golf Club Ibar” Company is a joint stock company between Dolna Banya Municipality and “Lazarov Nedev”construction company.