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

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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