News Article Bulgaria Hystead investment mall retail SEE shopping Sofia
by Property Forum | Investment

South African real estate investment trust Hyprop Investments has acquired a hypermarket adjacent to its shopping centre The Mall in the Bulgarian capital for €23 million back in June.

The space, which was left vacant in 2016 by previous tenant Carrefour, will be refurbished and integrated into The Mall, Hyprop Investments said in a financial statement. Hyprop Investments intends to introduce a 2,450 sqm supermarket on the premises, as well as additional line shops on a further 9,550 sqm. Construction is scheduled to start in October 2018 and is expected to take six months.