The Project - Okol Lake Park

About the Project

OKOL Lake Park is born as a new settlement, conceived as a true alternative to city living. The complex brings together all everyday comforts with countless opportunities for active living, work, and leisure – in closer touch with nature.

OKOL Lake Park builds an environment where every element works in synergy with the others and in harmony with the surrounding nature. The project is born from the idea of blending the comforts of modern life with the closeness of nature and the rhythm of slower living. Peace, clean air, and a sense of openness will become part of daily life for every guest and resident of the complex.

The total investment in OKOL Lake Park amounts to around €300 million. The complex will be built in phases, with its full development spanning a period of 20 years. The project is being built with care for the environment and in line with the principles of sustainable development.

Total Area

3 000 decares

Total Project Area

Golf Course

650 decares

Managed by IMG

Pullman Hotel *****

149 keys

Managed by Accor

Green Areas

230 decares

Linear Park, Forest Park, Branded Park

Attraction Farm

20 decares

Animal Farm, Vegetable Garden, Horse Base

Infrastructure

23 km

Completely new, incl. roads, electricity, water supply

Sport Facilities

50 decares

Sports and Adventure Center, Adventure Park

Educational Facilities

15 decares

OKOL Kindergarten and Park School

Public and Retail Area

30 decares

Office Areas, Farmers Market, Restaurants, Medical Center, Services

INFORMATION ABOUT

Master Plan

The master plan of OKOL Lake Park is the work of the leading French urban planning company Egis Group, developed in 2014 together with Atelier Villes & Paysages and the golf architects of European Golf Design.

The plan was conceived as a whole, with care for achieving synergy between the individual elements of the project and optimal positioning of the golf course, public spaces, and residential zones. The placement of the residential zones follows the requirements for comfort, accessibility, sun exposure, and maximum closeness to the scenic panoramas.

Each zone and its function are defined according to the natural features of the terrain and the investor’s aspiration to open doors for the development of the entire region – by building a community open to nature and to the local people.

Egis Group is an internationally recognized construction-engineering holding, ranking among the top 10 companies in Europe and among the top 20 worldwide.

Urban planning concept

The conceptual urban vision of OKOL Lake Park is the work of the international architecture firm Selin Maner Architects, led by chief architect Selin Maner.

The detailed spatial development plan of OKOL Lake Park, which came into effect on 30.08.2017, was prepared by the team of “Markan Project” Ltd. and provides for the residential zones to carry a low height, density, and floor area ratio.

The final look and design of the urban vision belong to the team of Golf Okol Ltd., led by chief architect Petko Marinov. The conceptual approach brings together all elements of OKOL Lake Park into a single architectural vision – aiming to achieve maximum synergy, living comfort, and harmony between the individual sites.

INFORMATION ABOUT

The Investor Behind the Project

Behind OKOL Lake Park stands the Bulgarian holding company Markan Holding AD, founded in 2014.

Its main investments are directed toward construction, real estate, and hospitality. The company owns Hotel Novotel Sofia, the prestigious American English Academy, as well as stakes in around 20 subsidiary companies. Together with them, the holding covers the full range of construction activities – from pre-project research and development, through design, to the construction and maintenance of electrical, plumbing, and HVAC installations, and interior design.

Following its vision for projects of world-class scale, Markan Holding is developing OKOL Lake Park in partnership with leading international companies and specialists.

WWW.MARKAN.BG

GENERAL SCHEDULE

OKOL Lake Park is being developed in different stages and the construction will be carried out in several phases. Phase 1 is scheduled for the first two years and thanks to the extremely detailed plan, will have its own sense of completion.

The construction of Phase 1 has secured financing and started in August 2020. Phase 1 will be completed in 2027, when the following project elements will be put into operation:

International Championship Golf Course with functional Clubhouse, world-class Golf Academy & Practice Facilities and modern Golf Maintenance Building

5* Pullman Okol Golf Resort & Spa Hotel and branded houses Pullman

Lake-view custom houses

Road infrastructure – access roads and Ring road

Electrical infrastructure – transformers and electrical power grid, optical Internet network

Water and sewerage infrastructure – water tank, water supply network, piping network for irrigation needs, wastewater and rainwater networks, wastewater treatment plants

The next stage of the project’s development includes Row Houses, Standalone Houses Type B, the elements of the Center, the Farm, and the Adventure Park, as well as the residential zones in the Center and around the golf course.

The construction of all houses is expected to take between 10 and 15 years, at a pace of around 60–70 houses per year.