Colliers International Bulgaria Pioneers Conference on Sustainable Development

First green buildings to be constructed in Bulgaria within three years

Sofia, Bulgaria, October 05, 2007 --( Colliers International Bulgaria has hosted an international conference on sustainable development in the real estate sector. It took place in the Bulgarian capital Sofia and was opened by the Bulgarian Minister of European Affairs, Gergana Grancharova, with more than 100 senior figures from Bulgarian and international companies attending.

Atanas Garov, Managing Director of Colliers International Bulgaria, said that the first “green” buildings in Bulgaria will be constructed within the next three years. “The development of a carbon-neutral project is already in progress in a resort on the Black Sea Coast.”

Speaking in his presentation “Sustainable development pays off”, Atanas Garov concluded that “green building development leads to direct benefits for developers and occupiers alike. If conceived and implemented professionally, the financial return on investment for such buildings could be recovered more than ten-fold.”

Gergana Grancharova said that the introduction of European construction standards by 2011 would dictate the pace of change. She added that “it is necessary to build a common vision for the real estate sector.”

The panel, which included representatives from Environ, BDSP Partnership Ltd. and Ferry Group, agreed that the time is just right for the Bulgarian real estate sector to focus on sustainable development. As a leading real estate company, Colliers International is committed to following up on this important topic.

In 2007 Colliers International Southeast Europe was named Property Consultant of the Year for the region for the second straight year.

Colliers International Southeast Europe
Christen Thomson
+ (385) 99 218 7603