Business Park Sofia transforms into mixed-use project

23
Jan
2026
News - Business Park Sofia transforms into mixed-use project #Arco Capital #Bulgaria #Business Park Sofia #CEE #LEED #Mixed-Use #Office #Sustainability #Tomasz Radwanski

by Property Forum | Office

Business Park Sofia, the largest office park in CEE, is undergoing a transformation into a mixed-use destination called The Park District.


The park is owned by Arco Capital, the largest American commercial real estate investor in Bulgaria.

The transformation strategy, developed with global architecture firm Gensler, is being implemented in stages. The first phase focuses on modernising the working environment through interior redesigns, building management system upgrades, and smart technology integration. Most office buildings within the park are LEED certified, reflecting the commitment to sustainability and energy efficiency.

The next phase aims to strengthen the park's position by expanding dining concepts, shared workspaces and green areas to support a more balanced workplace environment. The final stage envisions introducing residential spaces to complete the evolution into a fully integrated mixed-use environment.

"This transformation goes beyond physical renovation," says Tomasz Radwanski, Managing Director of Business Park Sofia. "Our goal is to create a future-ready environment that combines sustainability, design excellence, and a rich service offering, while remaining firmly anchored in our role as a leading office destination."

The renovation cycle is set to be completed this year, with the final two office buildings undergoing upgrades. Business Park Sofia continues to set benchmarks for office developments in the region.




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New leases

  • E-commerce player 4M Pro&Invest has leased nearly 4,100 sqm of warehouse space in Panattoni Park Poznań XIV. This agreement marks the completion of the leasing of the two completed phases of the development.
  • Panattoni has commenced construction on the latest phase of Panattoni Park Gorzów II, developing a bespoke BTS warehouse for DPD Polska. The facility will encompass 5,300 sqm tailored to the courier company’s operational requirements. DPD Polska is scheduled to begin operations at the new site in August 2026.
  • Romanian strategic advisory firm Infinexa Restructuring has relocated its HQ to GTC’s City Gate South Tower in Bucharest. The move supports their integrated approach to delivering complex debt restructuring, insolvency mandates, and preventive procedures for distressed companies.

New appointments

  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.


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