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

  • 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.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

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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