INTERNATIONAL PROPERTY
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INTERNATIONAL PROPERTY

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Engel East Europe

www.engel-bg.com
THE COMPANY

The Engel group of companies, consisting of Israeli, European and North American companies engaging in real estate residential development, infrastructure, holding commercial and logistics centres etc., in Israel, Europe and Canada.

The Group controls Engel General Developers Ltd. Engel General is a leading developer of thousands of quality residential units throughout Israel, Central and Eastern Europe and Canada and a leading Israeli contractor of public projects.

Engel Group through EURODEV Ltd., the Group's worldwide residential development division and its subsidiaries are developing residential projects with scope for 13,OOO units in Israel, Central & Eastern Europe and in North America with total estimated financial scope of more than $1.7 billion dollars.

In December 2003, an entity of the Heitman Group of Chicago, a leading international investment fund specialising in real-estate, purchased 50% of the Company's European residential development activities and is now working together with the Company in developing its European operations. In November 2004 Lehman Brothers from New York joined the Engel Group as a 50% strategic partner to develop the residential projects in Canada.

Engel directly employs approximately 300 people, most of whom are highly educated and well trained managers, business developers, finance experts, market analysers, engineers and marketing coordinators.

Outside of Israel, Engel is currently involved in real estate residential and commercial projects in Canada, the Czech Republic, Poland, Hungary, Serbia, Romania, Germany and Bulgaria.

All this has led Engel East Europe to the position of one of the leading international building developers in Europe, whose shares are listed on the London Stock Exchange.

WHY INVEST IN SOFIA BULGARIA?

According to the latest survey made in the UK, Bulgaria is the number 4 spot among the most popular destinations for investment overseas.

The survey shows that the majority of Brits are looking for an overseas property that is:

easily rentable
with cheap flights
offer a quick escape to the sun and nature
modern and quality constructions
forecast of steady rise in property prices

The strategic location of Bulgaria in South East Europe, the diversity of nature, the beautiful mountains, the sunny beaches and the ancient historic culture combined with economical stability, a modern banking system and flow of foreign investment make Bulgaria the perfect place for investment in real estate.

Sofia is a business centre of Bulgaria and it is situated at the foot of the beautiful Vitosha mountain.

Experts predict that after the entry of Bulgaria to the European Union, property prices in the country are expected to rocket even more quickly than at present.

ABOUT THE PROJECTS:

Vitosha Palace is a building with unusually modern and interesting architecture aiming to achieve the best exposure of the apartments and maximum south facing to Vitosha, east to the town and west to Liulin Mountain. The complex is situated in Pavlovo quarter in Sofia.

The complex offers:

apartments with area between 40 and 120 square meters.
controlled and secured entrance
gasification
swimming-pool
fitness hall

Panorama Sofia is a luxury residential building with South views to Vitosha mountain and a wonderful mountain panorama within the city. The project is located in Vitosha quarter in Sofia – only 10 minutes by car from the centre of Sofia. A new sport centre with outdoor and indoor swimming pools, tennis courts and fitness halls is located 100 metres away.

The building offers:

controlled and secured entrance
wonderful panorama
attractive duplexes with private garden and barbecue
apartments and shops with area between 70 and 220 square meters, underground garage
luxury finishing works
gasification

Engel Group Bulgaria

Tel: +359 2 9860460
Fax: +359 2 9860461
Email: office@engel-bg.com
Website: www.engel-bg.com


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