SOF Connect to build 20 MW photovoltaic park at Sofia Airport

20
May
2023
News - SOF Connect to build 20 MW photovoltaic park at Sofia Airport #Bulgaria #investment #photovoltaic #SEE #SOF Connect #Sofia #Sofia Airport

by Property Forum | Investment

SOF Connect, the operator of Sofia Airport, announced its plans for accelerated investment in Sofia Airport by the end of 2025. More than €50 million annually will be invested in the expansion of the airport in the next three years. This will increase to €60 million or two-thirds more than what is stipulated in the concession contract.


"We are investing in the future of Bulgaria. Not only are we executing, but we will also overachieve our investment program. BGN 150 million. will be the contribution of SOF Connect to the Bulgarian economy by the end of 2025, which will ensure the transformation of Sofia Airport. Thus, for the entire duration of the concession, investments in the development of the Bulgarian airport will exceed €1.2 billion. We are also actively working on improving the air connectivity of the city and the country – more destinations from Sofia Airport mean creating new businesses and more jobs and promoting the country internationally," said Jesus Caballero, CEO of Sofia Airport.

The investment agenda is part of the broader strategic goal with which we will have a five-star regional airport and a third passenger terminal by 2030. Improving the travel experience, the application of green energy, a clean environment, and sustainable development are among the main priorities in the Sofia Airport modernization plan implemented by SOF Connect. The main investment projects are:

  • Construction of a 20-megawatt photovoltaic park to meet the energy needs of the airport complex. The first five megawatts will be deployed before 2025.
  • Construction of a completely new Terminal 3 by 2030
  • Complete reconstruction of the Terminal 2 building, which will also take over the flights from Terminal 1, and the building of 3 new public parking lots.
  • Doubling of passenger check-in counters and increase of security and border control lines.
  • They are improving the travel experience through a new shopping area of almost 2000 sqm, an entirely new zone with restaurants, and pubs.
  • Implementation in 2023 of a new modern and effective luggage management system.
  • 3 new passenger sleeves, with the potential of servicing wide-crown aircraft for long-haul flights.
  • Repair and improvement of the flight field, including the runway.



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New leases

  • Banca Transilvania has renewed its lease for 1,200 sqm in AFI Park Timișoara, in a deal brokered by Cushman & Wakefield Echinox.
  • Revetas Capital has secured four lease transactions totalling 5,700 sqm of gross leasable area at the Bonarka for Business (B4B) office park in Kraków. The transactions include a new lease agreement with telematics firm Geotab, alongside three lease renewals. Geotab has taken up office space in Building E of the complex. Concurrently, KION renewed its commitment to 4,000 sqm of office space within the same building. The remaining two lease renewals were finalized for spaces in Buildings F and D. Cushman & Wakefield represented Geotab, and JLL advised KION on the deals.
  • Sirowa Poland has relocated its office in the revitalised mixed-use Centrum Praskie Koneser complex. The international distributor of cosmetic and pharmaceutical brands leased 958 sqm in Building P at the development, in a deal brokered by Savills.

New appointments

  • 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.
  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.


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