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About us

Information about our company

Choston Developments Ltd was established in 2004 by the real estate expert Mhaill Chobanov and the business entrepreneur Nicola Stoyanov.

We are part of the corporate group of companies BULGARIAN PROPERTIES HOLDINGS, which includes the leading companies in the real estate sphere Bulgarian Properties and Luximo Estates, the property management company Property Management BG, the furniture and interior companies Furnish BG and others.

From its very establishment until today, Choston Developments is involved in property development and construction activities. Additionally we offer a full range of refurbishment and interior services by order to various customers throughout Europe and Russia.

The company is a family business and is run personally by its owners Mihail Chobanov and Nicola Stoyanov, acting as managing directors. The activities are carried out mainly by long-term employees of the company. At some projects we are using the services of subcontractors who have proven their abilities and expertise in a long term partnership with us.

At our construction and development projects we work in two main ways – on our own or in consortium with other partners and investors.

In the first five years of its existence during the period 2004-2009, Choston Developments gained experience in construction of various residential projects. For a short period of time we completed a significant number of residential and holiday complexes of mainly medium class, satisfying the general demand of the existing customers during those years. During this period, the main architectural bureau we worked with was Art New Vision. Some of the major projects we completed in several stages include: Sunset Kosharitsa 1, 2 and 3; Emberli in Lozenets resort; Redenka Holiday Club near Razlog, and the following complexes in Bansko ski resort - Grand Montana, Belmont, Mountview Lodge, Eagle's Nest and others. In the years of property boom on the market we managed to achieve almost 100 % of our sales "off-plan", during the process of construction.

Since the beginning of 2009 we focused all our efforts towards the construction of premium developments of highest class – buildings with unique vision, atmosphere and attention to the smallest details and elements. The several exclusive projects that we completed during the years after the financial crisis of 2008 show clearly the new direction that we will continue to follow in the future - Sunset Villas, Dobar Yunak Residence in Sofia; Sunset Deluxe Marittima. Our current projects Belle Époque Ambelits Beach, Sunset Deluxe Romana and the ones planned for the near future - Golden Mile and Milada Spa, comply fully with the direction we follow for construction in the high segment. In the second stage of our company's history we are working with one of the most successful architects in Bulgaria Genig Studio.

Since year 2004 until the present moment we have development sucessfully more than 20 residential buildings and gated holiday complexes, more than 50 detached villas and houses. Our developments are located mainly on the Black Sea coast and the ski resorts of Bulgaria.

The total area of our completed projects exceeds 150 000 square meters, while the number of individual property units (apartments and villas) sold at complexes is over 1500! Really impressive figures for only 10 years of company existence.

Our success in the construction and development of residential holiday complexes is mostly due to the excellent team of professionals we have and of course - the support of the other companies in our corporate group. Through our sister companies we managed to provide valuable aftersale services to our costumers — architectural and interior design, property marketing and sales, furnishing, property management and maintenance.

To the current date we have fully completed and have put into operation with Certificate for Habitation a great number of residential buildings and complexes. The list with the names of our more significant completed projects is available for you to see on this page.

The second direction in which we develop our company is providing a full range of services, including high quality finishing works, repairs and renovations required by clients. The main types of activities in which we have specialized include:
• Construction (all stages of the process)
• Completion works
• Interiors
• Restoration and modernization
• Repairs and renovations
• Sanitation
• Design
• Legalization
• Project management
• Green buildings
• Landscaping
• Children playgrounds and Sports playgrounds
More information on our activities is available to be seen on this page.

Choston Developments Ltd is registered under company file 772 /2004 of Yambol District Court, and has been re-registered at the Commercial Register of the Registry Agency under company registration number VAT#BG128584551
Address of management office: 19 Yakubitsa Str., Sofia 1164, Bulgaria
Company directors: Nicola Nicolov Stoyanov and Mihail Hristov Chobanov
Company owners: Nicola Nicolov Stoyanov (50%) and Mihail Hristov Chobanov (50%)

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