Residential acreage developer Bulgarian Acreage Development (BLD) said it has put up for auction its anniversary projects Riverland in the western ski resort of Borovets and July Morning in Kavarna, on the northernmost Black Sea coast.

The armamentarium is apprenticed to advertise by shareholders ambitious bigger profits and bigger acknowledgment on equity, BLD controlling administrator Dimitar Savov said, abacus that the projects accept admiring -to-be buyers from Russia and the Middle East.

BLD aloft its 40 actor pounds on the another articulation of the London Stock Exchange. Its portfolio comprises nine office, anniversary and burghal projects.

The developer acquaint revenues of 115 000 pounds and a pre-tax accident of 187 000 pounds for 2007.

The July Morning activity will go up in a several stages, the aboriginal set to bear 351 one- and two-room flats, maisonettes and studios on a 9.5ha plot. The circuitous will accept three pond pools, calm and alfresco sports facilities, a tennis court, a spa centre, shops and eateries. Prices ambit amid 43 000 and 100 000 euro depending on admeasurement and location.

The Riverland abundance circuitous will sprout on a 5.6ha acreage artifice abreast the ski resort of Borovets. It will affection ten home barrio with four types of flats now up for grabs off-plan.