ARTICLES LABELLED WITH TAG Bulgaria

News JYSK to open six new stores in Bulgaria
31
May
2023

JYSK to open six new stores in Bulgaria

by Property Forum
Danish retailer JYSK announced the opening of six new stores in Bulgaria by August 2023, along with the renovation of five existing branches
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News Retail parks in Bulgaria continue to grow
26
May
2023

Retail parks in Bulgaria continue to grow

by Property Forum
Slight growth in logistics and retail space rents, despite no new mall expansion or openings being planned. These are the trends for the beginning of 2023, according to the latest report from Cushman & Wakefield Forton.
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News Sofia’s first hostel with sleeping capsules opens
23
May
2023

Sofia’s first hostel with sleeping capsules opens

by Property Forum
The first hostel with sleeping capsules has opened in Sofia. Green Cube is a low-budget hostel, which design follows the model of the unique Japanese lodgings with miniature rooms with individual sleeping capsules. The hostel is located next to the central railway and bus station of Sofia.
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News Hyatt announces expansion with four new hotels in Bulgaria
20
May
2023

Hyatt announces expansion with four new hotels in Bulgaria

by Property Forum
Hyatt Hotels Corporation announced the opening of Secrets Sunny Beach Resort & Spa, Dreams Sunny Beach Resort & Spa, AluaSun Helios Beach and Alua Helios Bay, representing the entry of the Inclusive Collection, part of World of Hyatt, into a third European country, complementing the existing presence of Hyatt’s all-inclusive resort brands in Spain and Greece. 
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News SOF Connect to build 20 MW photovoltaic park at Sofia Airport
20
May
2023

SOF Connect to build 20 MW photovoltaic park at Sofia Airport

by Property Forum
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.
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News CEE’s largest office park begins a major transformation
17
May
2023

CEE’s largest office park begins a major transformation

by Property Forum
The largest office complex in Central and Eastern Europe – Business Park Sofia, started its long-term transformation into a greener and more active urban space that offers complete experiences, recreation, and culture to its residents and guests.
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News The hybrid working model is changing the office market in Sofia
15
May
2023

The hybrid working model is changing the office market in Sofia

by Property Forum
Sofia's office market is moving at two speeds, with projects in the prime segment performing distinctly better than the rest of the market. These are the main insights of the latest report by Cushman & Wakefield Forton. The hybrid model of work is permanently imposed and breaks the link between business growth and hiring new space, especially in the segment of IT and BPO companies
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News CTP’s net rental income up 21.9% in Q1 2023
11
May
2023

CTP’s net rental income up 21.9% in Q1 2023

by Property Forum
Industrial developer CTP has recorded a net income of €130.7 million in the first quarter of 2023, up 21.9% year-on-year, while the like-for-like rental growth stood at 7.8%, mainly driven by indexation and reversion on renegotiations and expiring leases. The company’s profit for Q1 2023 was €225.4 million which is 274% above the figure for Q1 2022 (€60.2 million).
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News Ikea opens expanded order centre in Burgas
10
May
2023

Ikea opens expanded order centre in Burgas

by Property Forum
Swedish furniture brand Ikea has opened an expanded order centre in Mall Galleria, Burgas. It features 140 sqm of retail space, a new kitchen designing studio with a showroom and four additional planning areas.
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News Bulgaria reports growing number of newly built houses
10
May
2023

Bulgaria reports growing number of newly built houses

by Property Forum
According to preliminary data from the National Statistical Institute, the number of newly built residential buildings in the first quarter of 2023 was 1 289, and the number of newly built dwellings was 4,427.
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Latest news


New leases

  • Flowserve Hungary Services has leased 2,550 sqm of office space in the Liberty mixed-use building in Budapest. The company will move into this Autumn.
  • DB Logistic has signed a new lease agreement at SEGRO Logistics Park Gliwice. The company has decided to expand occupied space by a third to a total of nearly 5,000 sqm.
  • Low-cost airline flydubai has opened a new office Bucharest-based Eminescu Offices, in a deal brokered by Cushman & Wakefield Echinox.

New appointments

  • Prologis' Warsaw team has gained a new director. As of 1st of April, Marzena Tkaczuk has joined the team of development experts. As Capital Deployment Director, she will be responsible in particular for the implementation of build-to-suit projects.
  • Hagag Development Europe has named Ana-Maria Nemțanu as Leasing Director. She has over 17 years’ worth of experience in the local real estate industry.
  • Emilia Dębowska has been promoted to the position of Head of Sustainability Europe of Panattoni. In her new role, she will be responsible for Panattoni’s integrated sustainable development strategy encompassing both the company’s business goals and the development of its projects in Europe for every country in which the developer is active.

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