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Billionaire Joe Lewis Bids Big for Bulgarian Property

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Billionaire Joe Lewis Bids Big for Bulgarian Property

Written by Obelisk
Wednesday, 24 October 2007
AIM listed Bulgarian Property Developments (BDP) is amid a take over bid by Windsorville Investments, backed by billionaire Joe Lewis. Currency speculator Joe Lewis, who is actually better known for his financial involvements with football clubs Tottenham Hotspur and Rangers, is now banking on the property development market in Bulgaria, further adding to his multi billion-pound fortune. This month has also seen the cockney born tycoon grab a stake in Wall Street’s biggest investment bank, Bear Stearns, ploughing £70 million into the Bulgarian property market. Now operating from the Bahamas, Joe Lewis, whose estimated net worth stands at a reported £2.8 billion, aided Windsorville Investments to the offer of “not less than 64p per share” for the Bulgarian company. Founded in 2004 BDP entered the AIM listings in January 2005 and raised £4.2 million. He went on to raise a further £32.9 million after a share placing in June 2007. BDP focuses predominantly on property development in and around the top five cities in Bulgaria. The country is proving to be very popular for property investment in both the residential and commercial markets, with various big players relocating a proportion of their operations to Bulgaria due to the exceptional value for money. About Obelisk Obelisk offers clients the opportunity to invest in specially selected real estate projects from around the world. Clients are offered involvement in ventures that represent unrivalled opportunity, potential and ultimately, return on investment. The service they provide to investors is based upon three key aims: price, profit, and performance. For more information on overseas property investment, and to find out about Obelisk’s latest projects, contact Obelisk free on: 0808 160 0670 (UK) or 1800 932 514 (IRE) Email This e-mail address is being protected from spam bots, you need JavaScript enabled to view it Visit our website: http://www.obeliskinternational.com/ Press Office: Tel: 0808 160 1005 or email This e-mail address is being protected from spam bots, you need JavaScript enabled to view it Bookmark with: Delicious Digg reddit Facebook StumbleUpon What are these?

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