Global Finance to build EUR 50mn residential complex

The Greek venture capital fund Global Finance is planning to invest more than EUR 50mn in the construction of a residential and business complex in the capital city of Sofia , the management of the company announced. The project will be located on area of 40,000 square metres in the eastern part of the city. The company has purchased the land for EUR 17mn. Global Finance is planning to expand its activities in the country through projects in the three largest cities – Sofia , Plovdiv and Varna .