The leading Residential Forum 2023 with a focus on trends in the planning and realization of modern residential projects took place on the 8th of June 2023 in Sofia. The event brought together leading investors, institutions, consultants, and experts. Emphasis was placed on the urban planning features, the market environment and trends in the design and implementation of quality residential projects as well as the solutions, innovations and technologies that create value for the sector. Konstantin Boyadzhiev, CEO of Galaxy Investment Group, participated in the discussion panel „Market 2023: Market environment, liquidity, financing, demand and supply “. Among the leading topics in the discussion were the inflationary effect along with the supply chain and the labor market, projects quality which is a key factor for the selection of a property, the trends in demand, pricing, and macro factors shaping the current market environment. „Our company invests in and develops projects in various segments of real estate – five star hotels, industrial properties, offices, retail and residential projects. Currently the residential segment is the most active and I believe it will continue its dynamic development. The challenge for the housing market today is to satisfy the requirements of customers who are becoming more and more demanding in terms of the quality of the projects and buildings, as well as in terms of the neighborhood environment, good infrastructure, availability of kindergartens and schools, leisure spaces and sports facilities in the area". Konstantin Boyadzhiev shared his expectations that housing prices in Plovdiv and Sofia will rise. He also commented that future investments should be realized in the context of turning them into a unique destination that will offer a contemporary way of living among a wide range of amenities. According to him, when the investor has managed to plan properly and satisfy the future requirements of the customers, the projects will be successful. For the first time, the forum was held in association with Rеѕidеntіаl Expo 2023.
Konstantin Boyadzhiev, CEO of Galaxy Investment Group, participated in Residential Forum 2023
ADOR is the "Restaurant of the Year" for 2023
InterContinental ’s luxury restaurant - ADOR is this year's winner of the "Bulgarian Tourist Awards". The restaurant was honored at the Fifth edition of the Awards, which determine the best achievements in the field of hospitality, catering and management. The ceremony was held at the National Palace of Culture and the winners were announced by different politicians such as: the Minister of Tourism - Ilin Dimitrov, the Mayor of Sofia - Yordanka Fandakova and Ludmil Pelov, director of the municipal enterprise Tourism. An international jury determined ADOR as winner in its category, which, apart from one of the most interesting concepts among the establishments in Bulgaria, adds an exclusive experience through its exclusive author's cuisine, unique interior design and five-star level of service. The special award was presented to Zhivko Ivanov, Asset Management Director of Galaxy Investment Group. Inspired by its iconic location, ADOR has become the place that everyone wants to visit and inspires new encounters and unique sensations, especially with its unique view of the Narodno Sabranie square and the St. Alexander Nevsky temple-monument.
BUILDINGS 3 AND 4 OF THE ROYAL GARDEN RESIDENTIAL PARK OBTAINED ACT 14
Royal Garden residential park is among the most prestigious complexes in the city of Plovdiv due to its location, modern architecture and quality of execution. It is located in the "Recreation and Culture" district, next to Mall Plovdiv and only a 10-minute walk from the Rowing Canal. Buildings 1 and 2, now completed, have been awarded a special 'Building of the Year' award and are fully sold. Due to the high interest in the project, buildings 3 and 4 are currently under construction. They already have Act 14 and are expected to be completed at the end of this year. There are currently only a limited number of apartments available for sale. The architectural concept of the residential park is based on the creation of a refined and balanced environment, bringing together clean forms and earthy tones to create a sense of calm and harmony. The exterior architecture has individual elements - loggias and bay windows, and extensive terraces providing wonderful views. The buildings are positioned to create an optimal interior space forming a large garden. It focuses on constructive solutions that provide the homes with maximum space and lighting, and rooms with straight shapes, with an impressive light height of 2.85m. The implementation of the project involves the highest-class materials of well-recognized brands and innovative solutions for creating a luxurious, balanced and healthy living environment. The supporting structure of the building is designed as monolithic reinforced concrete with a combination of skeleton-beam and skeleton-beamless schemes with flat roofs. The thickness of the floor slabs is 24 cm. The external enclosing walls of the basement are made of waterproof concrete additionally secured with two layers of SBS bituminous waterproofing membrane Venus FC. The floor enclosing masonry is 25 cm thick from Wienerberger Porotherm 25 brick blocks. The internal partitions are made from Wienerberger Porotherm 25 and Wienerberger Porotherm 12 brick blocks. Effective thermal insulation materials and those with a fire reaction class, standardized for the corresponding degree of fire resistance, are used, and the last two floors will be completed with a ventilated facade with HPL. The high-end Schüco AW CT 72 window system was chosen, which is an innovative solution with a balanced ratio between an elegant design, narrow profile widths and a low heat transfer coefficient. This is a guarantee of year-round optimal energy efficiency and comfort in every apartment. Additional "smart home" wiring is laid. A system of filters will be built, removing the presence of solid particles in the drinking water and improving its taste qualities. For residents' security, installation of water sensors is planned as part of the flood prevention system. Heating is provided by the thermal power plant, and for the distribution of hot water, a central system will be built from the subscriber's office for each building and an additional possibility of power supply with individual boilers. The interior of the common areas relies on clean shapes and a modern look. Each entrance is realized according to a design project and impresses with its vision and the feeling of luxury and comfort upon entering the buildings. Royal Garden is a gated community offering a many amenities and services that contribute to a well-rounded lifestyle. There will be 24-hour security with controlled access and video surveillance. An optical connection and a video intercom system will be built, parking spaces and garages will be provided. The complex will have year-round maintenance of the common areas and the garden. There are 7 commercial premises on the ground floor. Learn more about Royal Garden on the official website of the project www.royalgerden.bg
InterContinental Sofia opened its new restaurant ADOR
Restaurant ADOR adds a new dimension to luxury by its interior design, service level and cuisine. Whether we are talking about a business lunch or a romantic dinner - Sofia's newest gastronomic space has become the place that everyone wants to visit, that everyone talks about, the place that inspires new encounters, beautiful moments, and unique sensations. ADOR has a space for private events, a VIP room, a bar and two levels in the main hall. The restaurant invites its clients with exquisite live music and themed and exclusive events. ADOR's dishes are a work of art that everyone longs to try. Whether it’s a Black Angus Beef Rib Eye Steak from Australia or a Wagyu Beef from Japan, you will enjoy the unique smoky flavour from our Josper charcoal barbecue. If you are not into steaks, ADOR also offers a varied menu perfect for every taste. An amazing combination of everyone's favorite classic dishes, prepared in an innovative and original way, including grilled fish & seafood, vegetarian delights and elegant desserts. In addition to the unique culinary experiences, exquisite live music, themed and exclusive events await you. Official website of the restaurant: https://ador-restaurant.com/
GALAXY INVESTMENT GROUP PARTICIPATED IN THE LARGEST REAL ESTATE CONFERENCE BALREC 2022
Galaxy Investment Group participated in the largest real estate conference in Bulgaria for another year. The event took place on 3.11.2022. in the Sofia Event Center and brought together leading investors, financial institutions, consultants and experts in the sector. In this year's edition, the main market segments in the sector were discussed: office, retail, housing, industry and hotels. Konstantin Boyadzhiev, CEO of Galaxy Investment Group, participated in the discussion panel on the topic "Investment environment - Bulgaria 2022: prospects for the development of new projects in the real estate sector, capital markets, liquidity, risks and opportunities in the context of sustainable development", where the challenges and prospects facing the companies in the coming year were commented on. Among the leading topics in the discussion were investments in real estate and their attractiveness in view of the change in the monetary environment, the changes of the banking sector and its influence in securing investments for new projects, as well as the factors that shape the current market situation at the end of 2022. "Currently, many companies are in 'waiting' mode and strategic planning of future investment projects, depending on the segment in which they are investing. Thanks to the diversified portfolio of Galaxy Investment Group, the company can afford to spread the risk, which will allow for expansion with moderate risk investments. There are projects that cannot stop their development. Such are the hotel renovations related to the latest trends for modern amenities and energy efficiency. Currently, the reconstruction of one of our hotel assets – Hilton Sofia, is underway and continues according to plan. We are an investors who develops projects in various segments – hotel, residential, office, industrial and retail. In our portfolio there are assets with undeniable advantages such as a key location, good infrastructure, leisure spaces, comfortable interior architecture and amenities, which can be successfully implemented even now, as there is a lot of interest from waiting clients for this type of investment. The requirements for the projects are already much greater, and despite the diverse supply on the market and its slight cooling, it can be expected that the demand will continue, but will be redirected to higher quality projects," commented Konstantin Boyadzhiev during the discussion. According to him, the planning of new investments with a long implementation process is difficult to predict, because despite the stabilizing prices of construction materials, an increase in the price of labor is noted. Konstantin Boyadzhiev confirmed that the company's city hotels, including Hilton Sofia and InterContinental Sofia, have successfully returned to normal levels of operation. Currently, the challenges in the sector are related to finding a qualified workforce. Zhivko Ivanov, Asset Management Director at Galaxy Investment Group, took part in the discussion during the second panel of the forum, where he commented on the Hotel Industry in the context of the recovery of market activity. Operating costs, inflation, the labor market, process optimization and competitiveness were just some of the topics covered during the forum. "2022 is an extremely turbulent year for the hotel market - the first quarter was marked by Covid, with the recovery only starting in mid-March and moving at a different pace in individual segments and markets. Business in Sofia returns relatively quickly to a good pace of events, mainly for the domestic market, business guests and vacationers from European markets. At the moment, Sofia is about 74% from 2019. We are actively working to attract the market for more international events, opening new transport links, improving the product and increasing prices. I am happy to say that despite the impact of Covid, the company's hotels managed to keep the most important thing - the core of professional staff, which is the basis for the rapid recovery of our sites and for the non-stop list of new achievements - such as the InterContinental Sofia this year received 4 new awards, with which he is already the winner of 23 first places in various international categories in just 4 years. ", commented Zivko Ivanov.
INTERCONTINENTAL SOFIA'S WELLNESS CENTRE WITH A PRESTIGIOUS INTERNATIONAL AWARD
The luxurious Hexaya Health & Wellness Centre at the InterContinental Sofia has been awarded the prestigious BigSee Tourism Design Award 2022. The award is given for design excellence in South East Europe and all 21 countries in the region participated in this year's competition. In this year's edition, the exclusive health and wellness centre - designed by leading Italian architecture studio Silvia Giannini architetto - was nominated in 2 categories - Tourism Design and Best Project in the Architecture and Design Grand Prix category. An international jury of 12 leading European designers gave first place to Hexaya Health & Wellness. The five-star InterContinental Sofia, which is owned by Galaxy Investment Group, is located in the very heart of the capital and impresses local and international visitors with its elegant interiors, breathtaking views and unparalleled dining experiences and the only health and wellness centre of its kind in the country, Hexaya Health & Wellness. It is a state-of-the-art business wellness centre with a gym, wet area, 5 treatment rooms, 3 massage rooms, relaxation area, sauna, steam room and emotional shower. "The award for Hexaya Health & Wellness is yet another recognition of the highest quality of services that the InterContinental Sofia team offers to its clients in Bulgaria," said InterContinental Sofia General Manager Angelo Zuccala. "Following the brand's international etiquette, we offer genuine hospitality to every guest, going beyond the five-star service standard and adding a personal touch at every moment. To be among the best, more than 20 times in 4 years, is the pinnacle of achievement in the luxury hospitality industry and an exceptional honour for us," he added.