Launch of Sofia’s most expensive apartment rentals project

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Cleves, the luxury apartment rentals company, opened yesterday Sofia’s most expensive rentals project: a sumptuous 34-apartment building in Iztok which cost over €10m, of which €2m has been spent on the fit-out, furnishing and equipment.

Prior to launch five of the most costly apartments had already been rented – for as much as €3000 + VAT per month.  Said Vesey Crichton, partner at Cleves: “There is a shortage of high-quality rentals in Sofia. Despite the economy, underlying demand from international clients in this niche is strong.”  Monthly rentals are from €760 to €3400 + VAT.

Cleves Este is in a very smart secure compound close to the Joliot Curie Metro, with shops and restaurants on site, underground parking, landscaped gardens and children’s playgrounds.  A swimming pool and health club will open soon with massage, steam rooms, fitness and beauty facilities.

The building itself has eight floors, with a ground-floor suite of offices, 34 apartments and 49 parking spaces.  The design of each of Cleves Este’s apartments is different and distinctive.  Influences range from Japanese poetry and square-rigged sailing ships to the romance of Tuscany and Provence. 

At every stage of the project’s design close attention has been given to style and comfort.  All apartments are light and airy, with spacious rooms and big windows.  Each has at least one balcony – most have several.  Some apartments have walk-in wardrobes. All have modern handcrafted kitchens, Wi-fi pre-installed, and flat-screen TV with cable access.  Every apartment has a full security system, with burglar alarm motion detection, and the front doors have triple bolts. A concierge is on duty 24 hours a day.

Cleves Este has some special features: A single remote control device gives access to everything – underground parking, the main entrance, the lift, and the gardens.  Each apartment’s video entry system gives a view of both the front entrance, and the area immediately outside the apartment. The air-conditioning is computer controlled, with chiller units on the roof – ‘greener’ and more efficient than conventional systems. The underground car park is lavish: wide painted concrete floors, lighting activated by motion sensing devices, and (for winter conditions) under-floor heating on the entry and exit ramps.

This is the company’s fifth rental property, bringing the number of apartments it operates in Sofia to 91.  Already Cleves has rental projects in Boyana, Oborishte, Izgrev and Manastirski Livadi.

Cleves EOOD ( is in the process of acquiring a €40m portfolio of up-market, residential property in Sofia.  The company focuses on the top-end of the rentals market.  Its clients are senior international business people and diplomats. The company owns and operates all the apartments in its portfolio.

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