ARTICLES LABELLED WITH TAG Sofia

News Bulgaria races to increase absorption under Resilience and Recovery Plan
21
May
2025

Bulgaria races to increase absorption under Resilience and Recovery Plan

by Property Forum
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.
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News TSH Investment takes over Park Center Sofia
13
Feb
2025

TSH Investment takes over Park Center Sofia

by Property Forum
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.
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News Revetas Group sells Park Center Sofia to TSH Investment
07
Feb
2025

Revetas Group sells Park Center Sofia to TSH Investment

by Property Forum
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. 
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News Park Lane Developments & Mitiska REIM to develop retail park in Sofia
22
Oct
2024

Park Lane Developments & Mitiska REIM to develop retail park in Sofia

by Property Forum
Park Lane Developments and Mitiska REIM have purchased a second plot of land in Sofia’s Nadezhda district to develop a new retail park.
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News CEOs of EnduroSat and Chaos buy office building in Sofia
21
Aug
2024

CEOs of EnduroSat and Chaos buy office building in Sofia

by Property Forum
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.
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News Kaufland revives historic market hall in Sofia
27
May
2024

Kaufland revives historic market hall in Sofia

by Property Forum
Kaufland continues to expand in Europe and revitalizations are playing an increasingly central role in this. The integration of existing retail locations and modernization has increased recently in comparison to the construction of new buildings. In the Bulgarian capital Sofia, a very special revitalization has now been completed.
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News Park Lane Developments break ground on new Sofia office project
21
Nov
2023

Park Lane Developments break ground on new Sofia office project

by Property Forum
AG Capital has announced that Park Lane Developments, its commercial development company, broke ground on its latest project – the AYA Business Centre in Sofia. The building is planned to become the new home for MFG (Management Financial Group). 
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News Bulgaria’s investment market remains stable
15
Aug
2023

Bulgaria’s investment market remains stable

by Property Forum
Bulgaria's real estate market in the first half of 2023 showcased a mix of stability, growth, and adaptability, according to the latest investment market overview from H1 2023, issued by Colliers. The main challenge for commercial real estate remains the ongoing business climate unpredictability.
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News Sofia’s industrial market thrives in H1 2023
20
Jul
2023

Sofia’s industrial market thrives in H1 2023

by Property Forum
Sofia has experienced steady growth in its industrial space market during the first half of 2023. With a total stock of over 4.0 million sqm of ready-to-use space and an additional 252,000 sqm under construction, the city is witnessing an upward trend. These findings are part of the latest industrial report, issued by the real estate company MBL. 
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News Sofia's office market shows steady growth in Q2 2023
13
Jul
2023

Sofia's office market shows steady growth in Q2 2023

by Property Forum
Sofia's office market faces shifting demand and moderating construction, according to a report by the real estate company MBL for the second quarter of 2023. Changing work patterns and preferences for hybrid models have raised concerns about the future demand for office space. The capital's vacancy rates decreased slightly, while rental rates remained stable. Investors are approaching the market with caution due to inflation and remote work practices. Despite the moderate activity, there is a potential for modern, well-located office spaces to attract higher occupancy and investment interest.
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Latest news


New leases

  • International luxury brand Rituals is joining the IULIUS retail network. This autumn, it will open new stores in the mixed-use developments Iulius Town Timișoara and Palas Iași, as well as in Iulius Mall Cluj.
  • Stay Fit Gym has leased approximately 1,000 sqm for a new fitness centre, which will open in the Family Market Tomești retail park, developed by Iulius in the Iași region.
  • Agricola Group, one of Romania's largest producers of chicken, cured meats, and ready-meal products, has signed a lease agreement for 5,400 sqm in ELI Park Bacău, within the ELI Parks portfolio.

New appointments

  • Cushman & Wakefield Echinox has named Gabriel Vințe as Business Development Manager within the Project & Development Services (PDS) department. He will also oversee the business line dedicated to sustainability services. Vințe has over 21 years of experience gained in renowned companies across sectors such as financial services, retail, residential, and consultancy.
  • Cushman & Wakefield has strengthened its Warsaw-based Capital Markets team, led by Paweł Partyka, with the appointments of Jakub Grabara and Natalia Wołyniec. The new hires will support the company in delivering transactional advisory services across the commercial property market.
  • At the beginning of September, Ewa Ciołek and Piotr Meleszko were promoted to Senior Leasing Manager. MLP Group, recognising the internal competencies and achievements of its team, emphasises the importance of further improving the efficiency of its leasing operations, which are key to the company's dynamic growth.

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