Park Lane Developments and Mitiska REIM have purchased a second plot of land in Sofia’s Nadezhda district to develop a new retail park.
The Nadezhda retail park will offer over 13,000 sqm of retail space and 210 parking spaces. The developers aim to achieve BREEAM “Excellent” certification for buildings in operation.
Bulgarian chain Fantastico will serve as the anchor retailer, constructing a new supermarket on its own 12,600 sqm property. The store itself will cover 4,000 sqm, with an additional 130 parking spaces for customer convenience.
The project is designed by Planning Architectural Studio, led by architect Iliyan Iliev, and supervised by MMV Engineering. Wolf Theiss Bulgaria provides legal services, with Mitiska REIM being advised by Kinstellar Bulgaria.
Park Lane Developments and Mitiska REIM aim to develop at least ten modern retail parks across Bulgaria in the coming years.
