ARTICLES LABELLED WITH TAG Bulgaria

With 240 PropTech solutions at the beginning of 2023, the country is among the leaders in Europe in the field of smart cities, smart buildings, smart homes and water management.

Office Park Plovdiv has become the first office building with a Gold LEED Certificate for sustainable construction in the city.

The hypermarket chain has switched on 420 kWp of rooftop solar panels, bringing the total number of facilities to six. The two new sites are located in the southern city of Petrich and in the capital's Mladost 4 district. By the end of the ear, the retail leader plans to put into operation three more photovoltaic installations.

Glavbolgarstroy has inaugurated a fасtоrу for  pre-stressed reinforced concrete structures near Раzаrdzhіk, Bulgaria. The newly–opened plant provides 63 jobs, with a capacity of 80,000–140,000 square metres of built–up area per year, and a wide selection of frame construction schemes. The іnvеѕtmеnt amounts €6 mіllіоn (ВGN 10 mіllіоn).

The new office is located in the Balkan Business Center, near Tsarigradsko Shose Boulevard. The building is powered by 100% renewable energy sources and holds certificates of excellence in sustainable and green construction and energy efficiency.

The Bulgarian commercial property market in 2023 will maintain activity around last year's levels. Main buyers are again expected to be local investors with sufficient funds or being able to obtain favourable credit terms. This is what Cushman & Wakefield Forton is forecasting for the period. C&W Forton estimates the total volume of commercial property transactions in 2022 to be just over €270 million. Transactions with traditional market assets – office and retail space – are predominant, while there is also a stir in the industrial property segment

The relocation process of manufacturing and business operations to Bulgaria following the geopolitical pressure gives the country a decent chance of attracting foreign investments. Despite the prediction of a recession in 2023, the expectations are for opportunities in some sectors and for investors to focus on high–quality and sustainable product. The trend is outlined by Colliers in their latest country report.

The Bulgarian housing market entered 2023 with a fragile balance between demand and supply. The market is calming down, after a hyperactive 2022, according to the stats, showcased by Address Real Estate in their annual analyses.

CTP has delivered a state-of-the-art 15,000 square metre logistics development at CTPark Sofia Airport to its anchor tenant DSV, the third-largest logistics company in Europe and one of the top ten globally. This second development for Danish-headquartered DSV doubles its total footprint at CTPark Sofia Airport to approximately 30,000 sqm.

Property Forum is looking for a part-time editor covering the Bulgarian real estate market to help expand its CEE intelligence platform.