ARTICLES LABELLED WITH TAG Sofia

Geneva has overtaken London at this year's edition of Arcadis International Construction Costs Index 2023. The report 'New Horizons'' covers 100 cities. The index is based on a survey of construction costs which covers 20 building functions.

Bulgarian Real Estate Fund (BREF) officially opened the Synergy Tower business building in Sofia, economy.bg reports. The investment is around €40 million. The first tenants of the building are Robert Bosch Bulgaria, Software AG, and INSAIT (Institute for Computer Science, Artificial Intelligence and Technology).

With the acquisition of Sofia Office Center, strategically located on the Tsarigradsko Shose – the city’s largest boulevard, international real estate investor Everty is expanding towards Sofia’s southeastern quadrant.

Properties in Sofia rank relatively cheap compared to other major cities in Europe. The Bulgarian capital is taking the last place in rankings by average price and the market has opportunities to grow. The opinion was expressed by Thomas Stanishev, Director of Galardo Real Estate, in an interview for the show "Club Investor'' of Bloomberg TV Bulgaria  

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.

Revetas Capital announced a 29% increase in turnovers and an 18% increase in footfall for the first 8 months at Park Center Sofia, Bulgaria, compared to the same period in 2021.

Tanya Kosseva-Boshova, Managing Partner, Lion’s Head Romania and Bulgaria, spoke to Property Forum about the leasing environment for offices and new investments made by the developer in the co-working space.

SAP is acquiring the newly built Class A office building Park Lane Office Center in Sofia for €49 million. The purchase price is equivalent to a 7.5% asset yield. This is the largest investment deal on the Bulgarian office property market so far in 2021

Developer Warehousing & Logistics EOOD (W&L) has begun the construction of the newest industrial park in Bulgaria, called Logistics Park Sofia (LPS). The park is located about 8 km from the capital Sofia. W&L is planning to build 4 warehouse buildings in the complex which will span more than 116,000 sqm of industrial and office space that will be available to potential tenants. So far this is the first Bulgarian logistics park with such a high concentration of industrial space.

Knight Frank has formally opened a dedicated office in Sofia, becoming a fully branded Knight Frank business from May 2021.