The local real estate investment trust FairPlay Properties is planning to invest more than EUR 36mn in the construction of holiday properties by the end of next year. One of the three investment projects comprises the completion of the third stage of the holiday complex Santa Marina near the coastal town of Sozopol which is expected to cost about EUR 24mn and to secure a 67% cumulative rate of return. The investment fund plans also to start another residential buildings construction in Sozopol worth some EUR 6mn. The profit rate of houses sales is estimated at 55%. Trade areas construction at the entrance of the southern spa resort town of Sandanski is the third project, which will absorb EUR 13.2mn with 21% rate of return. The investment plan during the next two years is valued at more than EUR 50mn. Fairplay Properties expects sales and rental revenues to increase by 14% in 2008 and to boost profits by about 40%.