CEE’s largest office park begins a major transformation

17
May
2023
News - CEE’s largest office park begins a major transformation #Bulgaria #Business Park Sofia #office #renovation #SEE #Sofia

by Property Forum | Office

The largest office complex in Central and Eastern Europe – Business Park Sofia, started its long-term transformation into a greener and more active urban space that offers complete experiences, recreation, and culture to its residents and guests.


The change responds to the need for more quality, modern, and vibrant urban spaces in Sofia and aspires to create a good example in line with the global trends for sustainable and inclusive urban development. A partner in the long-term transformation is the team of urban activists from the Collective Foundation, who plan various collaborations between experts, artists, and citizens to develop the park and its surroundings, create new green and active public spaces, and attract more visitors and citizens from all over Sofia.

The business park employs over a thousand people, and more than 100 thousand residents of Sofia live around it in the district of Mladost, which is the youngest neighbourhood of the capital city.

The majority of the tenants and occupants of the offices and surrounding areas agree that they support the transformation of the Business Park and would like to see more green spaces for outdoor work, and more diverse events, sports, and culture. Based on the feedback from interviews and surveys, the team is developing a new plan for the office complex, with more greenery, outdoor venues, new art venues, and a huge rooftop area for dining, recreation, and events.

Historically, Business Park Sofia has been the largest business area in the Balkans since 2001. The complex includes 15 Class A buildings on a terrain of 220,000 sqm with a total built-up area of 300,000 sqn, employing over 10,000 people from many international companies




Latest news


New leases

  • Intersport is set to expand its Romanian footprint by opening its largest store within the Iulius network at the Rivus urban regeneration project, which is under development in Cluj. Spanning more than 1,000 sqm, the new location will serve as a flagship store.
  • HS Hydro & Spa has leased space at Logicor Bucharest III Pallady, in a deal brokered by iO Partners.
  • Piața 9 will open its first Bakery P9 location in Bucharest, on a 200 sqm area located on the ground floor of Victoria Center office building. The deal was brokered by Colliers.

New appointments

  • 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.
  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.


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