Iberdrola Inbobiliaria, the real estate construction company of the Spanish energy giant Iberdrola received an approval for the construction of it’s project “Coral Beach Elite”, located on the territory of the municipality of Tsarevo in Bulgaria.

The approval includes the construction of a vacation resort sprawling over 236 645 square meters, with a luxurious hotel, apartment houses with 2500 apartments, trade zones, sport grounds, beach club and common grounds.

The village will have 800 meters sea outlet to the Coral Beach. The landscape plan features low buildings synchronized with nature in order to preserve the best visual equilibrium possible. Natural materials will be dominant in the construction of the village.

The road alleys will be 16 meters wide and will include special lanes for cyclists.

The project for “Coral Beach Elite” was developed by the architecture studio of arch. Stefan Dobrev, assisted by the Department for urbanization of the Harvard University.

Iberdrola Inmobiliaria will aspire to turn “Coral Beach Elite” into an exemplary vacation village in Bulgaria. The company will strive to cooperate with local businesses and unions during the development of the project. Thanks to their partnership with the municipality of Tsarevo, the complex will have all the necessary conditions to be a resort of highest quality covered.

Iberdrola Inmobiliaria is the branch company for real estates of the Spanish giant Iberdrola – one of the four largest energy companies in the world. Iberdrola Inmobiliaria offers a wide variety of products – houses, vacation complexes, offices, industrial areas, trade centers, etc.

The company manages a total of 245 000 square meters of real estates in international projects located in Portugal, Mexico and Bulgaria.