Cleves adds to Sofia apartment portfolio

George Sell George Sell Uploaded 26 February 2018

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Bulgaria: Apartment owner/operator Cleves has signed agreement with San Stefano Property Development (SSPD) to operate a building in San Stefano Plaza.

San Stefano Plaza is a new multifunctional complex on San Stefano Street, previously the site of the Old Beer Factory. It contains residential units, Class A offices, a shopping centre, food court, gym, spa, art gallery and four levels of underground parking - all certified as 'Excellent' under BREEAM, a global standard for sustainable buildings.

Cleves has designed, project-managed and will operate 31 apartments (from one-bedroom to four-bedrooms) for rent in the central residential building. Peter Diakov, Cleves general manager, said: "This is a terrific building in an exceptional location which will appeal to Cleves clients. We are working with SSPD to fit out these units to our usual high standards and look forward to launching the building by May. It will make a great addition to the Cleves portfolio."

Nickolay Karayanev, executive director of SSPD, said: "We chose to partner with Cleves as their track record and client base will ensure this building is operated for rental to our very high standards. We look forward to a successful partnership with Cleves." 

Cleves has developed, owns and operates a residential property portfolio in Sofia with 100 apartments in six buildings. It offers accommodation to multinational companies and Embassies on a long-term or short-term rental basis.

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