Park Lane Developments break ground on new Sofia office project

21
Nov
2023
News - Park Lane Developments break ground on new Sofia office project #development #office #Park Lane Developments #SEE #Sofia

by Property Forum | Office

AG Capital has announced that Park Lane Developments, its commercial development company, broke ground on its latest project – the AYA Business Centre in Sofia. The building is planned to become the new home for MFG (Management Financial Group). 


Park Lane Developments will be developing the new project as a built-to-suit model where every single detail will be considered for the entire exterior and interior completion of the building. AYA’s design has been adapted to reflect all specific requirements by MFG for creating a comfortable, functional and contemporary office environment. The total investment in the ready-to-use project is expected to reach around €30 million, with financial support provided by United Bulgarian Bank (part of KBC Group Bulgaria).

Located at the Hladilnika quarter, just a 5 minutes walk away from the Vitosha metro station and Sofia’s largest shopping mall, Paradise Centre, AYA Business Centre will offer a total area of over 13,350 square metres with 8 above-ground and 2 underground floors.

Sustainability, employee well-being and health have been a top priority when planning the project. AYA’s facade meets a set of high standards for energy efficiency, sound insulation and solar factors. Fast charging stations for electric vehicles and smart sensors will be available for maximum energy optimisation. Ultraviolet (UV) lamp systems will also be employed for filtering and improving indoor air quality. 

Floor plans will offer high ceilings of 3 metres across the building’s functional and efficient open-plan areas. Amenities onsite are to include a spacious top-floor south-facing terrace with fantastic mountain views, a restaurant, a state-of-the-art gym, and a premium wine shop with wine-tasting facilities on the ground level. 

AYA will accommodate slightly over 500 company employees, which exceeds the standard square metres allocated per employee, thus providing for more spacious and comfortable arrangements. Office space has been designed in a way to further allow for flexible changes with the development and growth of the company and to suit its needs in the best possible way.

The building is scheduled for completion in 2 years’ time from its launch. The company will also be working in close cooperation with Planning Architectural Studio led by Eng. Iliyan Iliev for the project, Cache Atelier and with two more companies –  Hydroinject and Venkov Engineering, for the excavation and construction works.

“The future of office spaces lies with green design, energy efficiency, and the best experience for the occupants in every building. Our ambition with AYA Business Centre is to deliver an iconic and outstanding project on the Bulgarian office market. We would like to thank MFG for their trust and partnership and for sharing our vision for modern workspaces, recognised for convenience, efficiency and functionality,” said Tanya Kosseva-Boshova, Managing partner at Park Lane Developments, during the groundbreaking ceremony.

This will be the new large-scale office project for Park Lane Developments, following the development and further sale of the Class A SAP Center Sofia in 2021. The redevelopment of Sofia’s historic landmark Polygraphia Office Center is also one of the prime projects the company takes pride in within its portfolio.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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