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28.08.2008Utilization Permission – Protocol Form 16

Dear Investors, Finally we have the pleasure to contact you with good news! Today the National...

31.07.2008Latest news

Dear Investors, According to the pre-opening schedule the Soft Opening of Vihren Palace Ski & Spa...

BANSKO, Bulgaria’s Premier Ski resort and a Historic Traditional Old Town.

A new High Quality development of 65 Exclusive Luxury Apartments and a Luxury 4 Star Hotel in Bansko.

Bansko an historic old town of 10,000 people has a long and proud tradition.www.bansko.bg/. The centre of the town has wonderful old buildings and atmospheric traditional restaurants and bars (Mehanas). It is also considered to be Bulgaria’s premier skiing resort. Located at the foot of the magnificent Pirin mountains and the Pirin National park, (a UNESCO world heritage site). It is also close to the beautiful Rila mountain.

It is difficult to describe the environment and the Mountain experience, clean air, cold crystal clear water in the lakes and rivers, breathtaking views, a truly unspoilt natural ecological environment with ancient trees and forests, wildlife including Eagles, Bears and Boar.

Bansko is a town that implies authenticity with its own past, the rich cultural and historical heritage, preserved folklore and crafts, remarkable and original architecture, and the genuine atmosphere of old little towns of Bulgaria.

All this, combined with the fabulously beautiful nature, makes the town equally attractive during all four seasons of the year.

In 2003 an ambitious and ongoing multi million Euro investment programme was undertaken to establish Bansko as one of the best ski locations in Eastern Europe. A new fast state of the art Austrian made gondola lift was installed providing easy access to the pistes, new chair and drag lifts as well as new non contact micro chip ski passes and large video screens at the chair lift and drag stations which show skiing conditions at the upper slopes. Improvements to the existing pistes, the opening of several new ski runs, new state of the art snow cannons and flood lighting of 7Km of pistes for night skiing and many other improvements have resulted in overall enhanced facilities.

Depending on the season popular activities are Skiing, Snowboarding, Cross country Skiing, Mountain Climbing, Cycling, Horse Riding, Walking, Hiking, Wild mushroom picking and Fishing. Bansko is not only a winter resort. During the summer the tourists could use a new world class 18 hole golf course designed by Ian Woosnam. It is planning in 2006 Ryder Cup Captain competition. There is plenty to do in the summer including the very popular week long Jazz festival in August.

For those keen on mountaineering Bansko is a wonderful place for the organization of alpine passages along the tourist paths of the nature reserve, pronounced for “Pirin” National park.

The town’s surroundings are also of great interest for tourists: beautiful natural spots, outdoor spa pools, historical sites etc.

Invaluable for holiday-makers in summer, Pirin turns into real heaven for skiers in winter. The geographical location of the town allows the blanket of snow to last from late autumn to late spring, which guarantees the continuation of the ski season for no less than four -five months a year. To people keen on ski sports Bansko offers excellent conditions for it: ski-runs with high technological indicators, ski tows for beginners and advanced, cabin and seat lifts, ski schools, ski lockers.www.banskoski.com/

Every year people are increasingly interested in going on winter holiday in Bansko. Whereas the present capacity of the resort is 8 000 people a day, in 2006 it is expected to reach 12 000 people. The actual equivalent of this capacity is measured into 40 new ski-runs with total length of 65 km (safeguarded and maintained in perfect condition), 26 km of ski lifts that comply with the most recent achievements in the world design, as well as comfortable 4- and 5-star hotels, built in the last couple of years.

The great speed of the resort’s progress is due to the construction of a ski infrastructure and the building of new modern hotels, which guarantees high-quality ski holiday for every guest. In the last 2 years we have witnessed the steady register of the trends for the increasing price of land and property, located on the territory of the municipality of Bansko, as well as for the fast growth of investments in various infrastructural aspects. Besides, really rapid is the building progress of tourist sites such as hotels, apartments, restaurants, and pubs, as well as whole complexes that provide adequate rest during all seasons of the year.

Another secret of the successful formula of Bansko is hidden in the unique atmosphere of the amazing synergy of the old and new, the fascinating mixture of the traditions, preserved during the centuries, and the ultra modern facilities. After the adequate relaxation on the ski-runs, the resort guests love to be immersed in the atmosphere of the old houses, surrounded by thick walls, and the small cosy mehanas with region-traditional cuisine and local folklore.

Features and Facilities Include complex Vihren Residence:

• Excellent riverfront Location

• 130 meters from the Gondola station

• 7 min walk to downtown area

• Incredible Views of the mountains Pirin and Rila

• Traditional architecture style

• Finished Bathrooms and Kitchenettes

• Furnishing packs available

• Direct telephone line

• Internet Connection

• 3 Lifts

• 2 Staircases

• Property management and letting

• 41 Underground car parking spaces

• Year round security

• Good off-season (summer) potential

• Summer Jazz Festival

• Indoor heated swimming pool

• Beauty parlour

• Hairdresser

• Spa Centre ( Massage, Steam Room, Sauna and Jacuzzi)

• Fitness centre with Gym

• Restaurants

• Cafe Bar

• Lounge Bar

• Shops

• Bowling hall

• Billiards room

• Ski garderobe

Features and Facilities Include ski resort Bansko

• 2014 Winter Olympics candidate

• Premier Skiing facilities

• New and improved facilities

• Night Skiing

• On going facilities investment

• With further development planned

• New pistes planned

• Long ski season

• Mid December to beginning May

• Highest 4 and 5 Stars Quality Standards

• Excellent potential for Capital Appreciation

• Excellent rental returns

• Only 2 1/2 Hours from Sofia (160Km - 100 Miles)

• Only 2 1/2 Hours from Plovdiv

• Only 2 1/2 Hours from Aegean Sea, Greece

Due for completion in the end of November 2006 in time for the Skiing season 2006-2007.

You could spend Christmas 2006 or ring in the New Year in 2007 with your family and friends in your own ski apartment.

The traditional old town and is wonderful mountains combined with the ongoing investment in new facilities has attracted the worlds attention.New upmarket quality hotels including the 5 Star Kempinski Grand Arena Hotel have transformed Bansko into an up and coming destination with a growing international reputation, with more tour operators adding Bansko as a destination.

Bansko is more than Bulgaria's Premier Ski resort it is a traditional old town with a proud past determined to become a noteworthy destination with a growing international reputation and bright future.

Bansko is still developing and NOW is the time to benefit from its future potential.

Invest in apartment complex “VIHREN” is an excellent property investment opportunity for rental return and capital appreciation.

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