ARTICLES LABELLED WITH TAG Bulgaria

Industrial developer CTP said its gross rental income for H1 2025 reached €367.2 million, marking a 14.4% year-on-year increase, while signing 1 million sqm of new leases, an 11% increase compared to H1 2024.

In a time of shifting consumer behaviours, rising costs, and increasing sustainability demands, retail landlords must do more than simply lease space. Property Forum spoke with Marek Noetzel, COO of NEPI Rockcastle, about how the region’s largest retail investor is adapting its strategy to meet changing market dynamics. From expanding into new cities to rolling out large-scale refurbishments and solar investments, NEPI Rockcastle is focused on curating experiences, driving operational efficiency, and enabling retailer growth across Central and Eastern Europe.

Bulgaria is in a critical race against the clock to access the remaining €4.32 billion of its €5.69 billion Resilience and Recovery Plan (RRP) grants, with less than 25% of the total funding received so far, according to research by EECFA.

Romanian DIY retailer Dedeman, is set to further extend its national presence with the acquisition of approximately 6 ha of land near Vama Giurgiu, on the border with Bulgaria. 

TSH Investment, a joint venture between Bulgarian investment companies Trinity Capital AD and Hus Invest EAD, has purchased shopping mall Park Center Sofia  from Revetas Group, for an undisclosed sum.

Revetas Group has announced the sale of Park Center Sofia shopping center to TSH Investment, a joint venture between Trinity Capital AD and HUS Invest AD, for an undisclosed sum. 

The biggest growth in Eastern Europe is foreseen in Bulgaria going into 2025, while the rest of the countries are projected to make side moves in the coming years, according to a report by the Eastern European Construction Forecasting Association (EECFA).

Park Lane Developments and Mitiska REIM have purchased a second plot of land in Sofia’s Nadezhda district to develop a new retail park.

Lion’s Head Investments has purchased three logistic parks from BPD in Sofia, Varna and Ruse for €71.4 million, in one of the biggest deals closed on the Bulgarian market in recent years. 

Raycho Raychev, Founder and CEO of EnduroSat, and Petar Mitev, CEO of Chaos, have teamed up to purchase an office project in Sofia that previously hosted the HQ of Alpha Bank.