Posts Tagged 'cleves rental'

Launch of Sofia’s most expensive apartment rentals project

Cleves, the luxury apartment rentals company, today opens Sofia’s most expensive rentals project: a sumptuous 34-apartment building in Iztok which cost over €10m, of which €2m has been spent on the fit-out, furnishing and equipment.

 Prior to launch five of the most costly apartments had already been rented – for as much as €3000 + VAT per month.  Said Vesey Crichton, partner at Cleves: “There is a shortage of high-quality rentals in Sofia. Despite the economy, underlying demand from international clients in this niche is strong.”  Monthly rentals are from €760 to €3400 + VAT.

 Cleves Este is in a very smart secure compound close to the Joliot Curie Metro, with shops and restaurants on site, underground parking, landscaped gardens and children’s playgrounds.  A swimming pool and health club will open soon with massage, steam rooms, fitness and beauty facilities.

 The building itself has eight floors, with a ground-floor suite of offices, 34 apartments and 49 parking spaces.  The design of each of Cleves Este’s apartments is different and distinctive.  Influences range from Japanese poetry and square-rigged sailing ships to the romance of Tuscany and Provence. 

 At every stage of the project’s design close attention has been given to style and comfort.  All apartments are light and airy, with spacious rooms and big windows.  Each has at least one balcony – most have several.  Some apartments have walk-in wardrobes. All have modern handcrafted kitchens, Wi-fi pre-installed, and flat-screen TV with cable access.  Every apartment has a full security system, with burglar alarm motion detection, and the front doors have triple bolts. A concierge is on duty 24 hours a day.

 Cleves Este has some special features: A single remote control device gives access to everything – underground parking, the main entrance, the lift, and the gardens.  Each apartment’s video entry system gives a view of both the front entrance, and the area immediately outside the apartment. The air-conditioning is computer controlled, with chiller units on the roof – ‘greener’ and more efficient than conventional systems. The underground car park is lavish: wide painted concrete floors, lighting activated by motion sensing devices, and (for winter conditions) under-floor heating on the entry and exit ramps.

 This is the company’s fifth rental property, bringing the number of apartments it operates in Sofia to 91.  Already Cleves has rental projects in Boyana, Oborishte, Izgrev and Manastirski Livadi.

 Cleves EOOD ( is in the process of acquiring a €40m portfolio of up-market, residential property in Sofia.  The company focuses on the top-end of the rentals market.  Its clients are senior international business people and diplomats. The company owns and operates all the apartments in its portfolio.

Cleves Acquires Major New Luxury Apartment Project in Sofia

Cleves, the luxury Sofia apartment rental company, has acquired an outstanding new building in the Iztok borough of Sofia with 34 apartments and a Class A suite of offices.

The building is part of the Este Home and Spa project developed by Este Properties EOOD. The Cleves deal is valued at EUR 10 M.

This is the company’s fifth acquisition in Sofia. Cleves already has a Sofia rental portfolio of 57 apartments.

Cleves Este – as it will be known – is at 28G Samokov Blvd, Iztok. Newly built, it has 4,759 sqm of apartments and offices in a very smart secure compound with up-market shops, cafes, health and beauty facilities on site, and extensive underground parking.

The development was nominated for Bulgaria’s “Building of the Year” competition last year. Sofia airport is 10 minutes away by car, and the Interpred Metro station (Joliot Curie) is only 200m away for fast access to Sofia city centre.

Peter Diakov, General Manager of Cleves EOOD, said: “We believe Cleves Este to be one of the finest residential developments in Sofia. Este exudes quality, with very high levels of security and comfort.

“The Cleves approach is to offer for rent up-market apartments in the best parts of Sofia.  This very fine acquisition in Iztok fits our strategy perfectly.  The office suite is available now, and we anticipate launching the 34 apartments of Cleves Este in the first part of 2011.

“Despite the difficult economic climate, we continue to experience strong demand for rental apartments across our portfolio.”

Cleves is creating a range of stylish 1-, 2-, 3- and 4-bedroom interior-designed rental apartments in the upper floors and fitting them out to very high specifications. Cleves‘ tenants will have some of the finest living facilities in Sofia, including access to Este’s beautiful landscaped gardens and children’s play areas.

Cleves Este also includes a self-contained 540sqm ground-floor suite of professionally managed Class A offices with its own entrance. The office suite has air conditioning and central heating, raised floors for easy under-floor cabling, and long covered terrace spanning the west side of the suite overlooking the gardens. It is already available – either for rent, long-lease or sale – and would suit an Embassy or similar.

Cleves EOOD ( is in the process of acquiring a EUR 40 M portfolio of up-market, new-build residential property in Sofia. The company focuses on the top-end of the rentals market. Its clients are senior international business people and diplomats. The company owns and operates all the apartments in its portfolio in order to be able to offer the highest quality of service.

Welcome to RilaDev’s Blog!

In 2006, RilaDev a English Bulgarian homebuilder embarked on one of the most ambitious hotel and residential project in Bansko, Bulgaria, Pirinea Hotel Spa and Residence.

This blog offers current news and information on the Bulgarian real estate market and economy, local and touristic events and tracks the exciting progress of this emerging market.

This blog will also offer subscribers periodical updates on the Pirinea project, its construction progress and other related information.

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Russell Collins

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Author: Russell Collins - RilaDev

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