Colliers International property managers, re-letting agents of Balkan Jewel

Balkan Property Investments, a Dhalia-led consortium of Maltese investors, have appointed Colliers International as property managers for The Balkan Jewel - a residential development in the idyllic Razlog Valley, near the ski resort of Bansko in Bulgaria.

Colliers International, responsible for managing and maintaining The Balkan Jewel upon completion of construction and finishing, is a global affiliation of independently-owned real estate services firms. The organisation employs 9,327 employees worldwide and had 241 offices in 54 countries.

Nicholas Yovanidis, director of Property Management Services, Colliers Southeast Europe since 2005, graduated from Rome University. He has gained significant experience within the field of property management, including the management of shopping facilities in Athens, Greece.

With over eight years of managerial experience, he has been instrumental in the development of the department and continues to set standards for Colliers property management throughout the region.

A leading real estate company which has been active in Bulgaria since 1991, Colliers International has a revenue of €1,153 million worldwide.

Today, the two Colliers offices in Sofia and Varna incorporate more than 70 professionals, committing to every project with innovation, dedication and professionalism, key values for success.

The market leader's portfolio includes the full range of real estate services, including investment and corporate advisory, brokerage services, and property and facilities management.

The company's work ethic and a total focus on teamwork ensure the services provided to clients are always delivered to standards that set benchmarks for the market.

Colliers' dedicated teams develop value-added solutions to corporate and individual clients, covering all segments of the real estate industry - office, retail, logistics and industrial, residential and holiday homes. All this makes Colliers a global leader in its niche.

Colliers professionals persistently contribute to the success of the most innovative and challenging projects in the Bulgarian real estate market.

Colliers International gets many requests from developers to manage complexes. They are very selective on which projects to offer their services. However, The Balkan Jewel was chosen after a very thorough process to ensure that both project and developer met all the set criteria.

Colliers International undertake projects in the region that allow them to have the necessary volume of units to negotiate and achieve favourable rental rates with tour operators worldwide.

The company will be taking care of the rental of the apartments in The Balkan Jewel and will be offering rental services to all the buyers.

With regard to the rental system to be used with The Balkan Jewel, Colliers International's rental pool concept was designed to provide convenience and certainty to property owners, while maximising their return on investment.

They assume full responsibility for the maintenance of each apartment and of the project as a whole. By combining all the available units, they are able to create synergy in the marketing and leasing process. Their unique rental pooling system ensures a fair and transparent process, while minimising the vacancy periods. All rent received will be aggregated and shared out among owners on a pro-rata basis.

There is a big demand for rental properties in Razlong and Bansko, Bulgaria. The area has been witnessing a steadily increasing demand for rental properties, especially during the winter season.

The golf course in Razlog and the announced investment in infrastructure development in the region will contribute to strengthen its position as an all-year-round vacation destination.