ARTICLES LABELLED WITH TAG Sofia

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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News Smart hotel to open this month in Sofia
04
Jul
2023

Smart hotel to open this month in Sofia

by Property Forum
The first smart hotel of the chain Introvert will open this month in Sofia. The venue will be able to operate without staff. By the end of the year, two more will follow - one on Lege Street in Sofia and another in Cyprus.
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News Glavbolgarstroy to build high-tech residential tower in Sofia
29
Jun
2023

Glavbolgarstroy to build high-tech residential tower in Sofia

by Property Forum
Local company Glavbolgarstroy is building a new residential project named Ѕmаrt Тоwеr іn thе nеw buѕіnеѕѕ сеntre оf Ѕоfіа, іn thе аrеа оf Нlаdіlnіkа, nехt tо Раrаdіѕе Mall аnd Ѕоuth Раrk.
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News Sofia experiences 15% drop in residential deals
15
Jun
2023

Sofia experiences 15% drop in residential deals

by Property Forum
Brokers report a 30% drop in inquiries for purchasing a new home in Sofia. On an annual basis, the decrease in concluded deals is 15 %.
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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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Latest news


New leases

  • The La Mania boutique has reopened in the Westfield Mokotów shopping centre in Warsaw. Five new brands have also joined the tenants, including Apple and AB Foto.
  • Jula, the Swedish multi-market chain, is planning to open another shop in the Warsaw agglomeration. The new outlet will be established on the site of the San Park Mysiadło retail park currently under construction. The shop will occupy an area of nearly 2,500 sqm.
  • Primark has opened its first shop in Łodź, investing more than €9 million. Łódź Manufaktura is the brand's sixth location in Poland and twelfth in the Central and Eastern European region. Primark in Łódź comprises more than 3,300 sqm of retail space on one floor.

New appointments

  • Nives Grzunov as the Head of Indotek Group for Croatia, effective from September 15, 2023. In this key role, Nives will oversee Indotek's Croatian endeavours under the Dalmatie Group brand.
  • Michał Różycki has taken up the position of director of the land and residential property division at Greenfields, a Polish company that provides advice on land sales and purchase transactions.
  • Nhood Services Poland is expanding its service activities for the commercial real estate industry. Anna Wysocka has been appointed director of New Business Development, responsible for expanding the company's client portfolio in this area.

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