Winslow Gardens, a gated residential development in Bulgarian capital Sofia, will be granted Friday a First Class Investor certificate by the local investment promotion authority. The 200 mln lev investment will be deployed in five stages with final completion scheduled for end-2009.

The 22,000 sq m Winslow Gardens development, located in the Manastirski Livadi district just off the ring road, will have a built-up area of 44,000 sq m. It will comprise six buildings with a total of 450 apartments, 12,000 sq m internal landscaped park, spa center, gym, swimming pool, restaurant, shops and day-care center. All motor traffic will be routed through underground infrastructure. Only emergency vehicles will have clearance to enter the above-ground compound.

Limex City is a unit of Prima Investments which itself is a joint venture between property developer Winslow Developments and RREEF, the real estate investment arm of Deutsche Asset Management, the global investment management business of Deutsche Bank.

Winslow Developments and RREEF have a second joint residential project, in Sofia's Vitosha borough.