The complex is called Blue Bay and is situated in Kavarna. All of the apartments in the complex have wonderful view over the sea. Because of the fact that the complex is situated on a hill, a chair lift will be constructed, which will connect the development with the beach. The investors are the same as Marina city complex in Balchik. Again as in Marina city, there will be a rental management company on the site, which will rent out the apartments and all the owners will receive guaranteed rental income. Kavarna is situated 40km from Varna and 15min away from Balchik. Kavarna as a town is very popular place not only in Bulgaria, but all around Europe, because during the whole summer season, the major invites world popular music bands and each week there are concerts. The town has yacht port, fishing facilities. The region round Kavarna is a well know international Golf center, due to the fact that it is near three big golf fields. Thracian Cliffs and Black Sea Rama have been designed by the world know golf designer Gary Player, and the field Lighthouse Golf Course – by the British professional player Woosnam. The soft climate gives the possibility to use the fields during 10 months a year, which means that Kavarna turns to be an interesting golf destination. The works on the project have started and it will be completed for the summer season 2009.