Cleves announces new addition to Sofia residential rental portfolio

Cleves, the premier owner and operator of residential rental apartments in Sofia, announced on February 26 2018 an agreement with San Stefano Property Development (SSPD) to operate a building within San Stefano Plaza for rental.

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, the gold standard of environmental sustainability.

Cleves has designed, project-managed and will operate 31 apartments (from one-bed to four-bed) 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.”

Eng. 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.”

Colliers International advised SSPD on this transaction:

Cleves EOOD has developed, owns and operates a residential property portfolio in Sofia with 100 apartments in 6 buildings. It offers accommodation to multinational companies and Embassies on a long-term or short-term rental basis, becoming recognized over the past decade as the premier accommodation provider in Sofia:

San Stefano Plaza is located close to ‘Orlov Most’, Sofia University and Doctor’s Garden. A healthy environment with abundant daylight is provided through automated sun protection, external sound insulation, thermographic survey of the buildings, roof-mounted photovoltaic panels, an electric vehicle charging station in the car park and a rainwater tank for watering plants:



The Sofia Globe staff

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