ARTICLES LABELLED WITH TAG Sofia

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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News Mercedes-Benz inaugurates new multifunctional complex in Bulgaria
04
May
2023

Mercedes-Benz inaugurates new multifunctional complex in Bulgaria

by Property Forum
Mercedes-Benz has inaugurated the Silver Star complex on 52 Chelopeshko Shose, just outside of Sofia, Bulgaria. The complex is located in an area of 65,000 sqm, on two floors, and offers all sales and after-sales services for cars, trucks, vans, and buses.
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News Sofia’s residential market  enters a recession
02
May
2023

Sofia’s residential market enters a recession

by Property Forum
Ѕоfіа hаѕ ѕееn а dесlіnе іn thе numbеr оf residential trаnѕасtіоnѕ fоr a thіrd соnѕесutіvе quаrtеr. According to the latest data from the National Statistical Institute for the first quarter of the year, property sales in the capital shrank annually by 12.2% and reached 6381.
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News IWG expands its presence in Bulgaria
26
Apr
2023

IWG expands its presence in Bulgaria

by Property Forum
International Workplace Group has announced two new locations in Sofia. This brings their portfolio to fifth workspaces in the capital, seven in Bulgaria. One of the locations is at the European Trade Center and the other is the Regus Labirint Center in the Lyulin district
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News Sofia ranks among the most expensive cities for construction in Europe
24
Apr
2023

Sofia ranks among the most expensive cities for construction in Europe

by Property Forum
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.
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News Bulgarian Real Estate Fund hands over office building in Sofia
07
Apr
2023

Bulgarian Real Estate Fund hands over office building in Sofia

by Property Forum
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).
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News Everty buys office building in Sofia
05
Apr
2023

Everty buys office building in Sofia

by Property Forum
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.
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News Properties in Sofia remain among the cheapest in Europe
05
Apr
2023

Properties in Sofia remain among the cheapest in Europe

by Property Forum
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  
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News Sutherland Bulgaria moves to new office in Sofia
13
Mar
2023

Sutherland Bulgaria moves to new office in Sofia

by Property Forum
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.
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News Bulgarian retail market shows extremely strong recovery
13
Sep
2022

Bulgarian retail market shows extremely strong recovery

by Property Forum
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.
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Latest news


New leases

  • EPP's Outlet Park Szczecin, the only outlet centre in Western Pomerania, is strengthening its fashion offerings by signing agreements with three brands previously unavailable in the region. JACK & JONES and Evenemen, with their men's fashion collections, and the premium optician OUTLY, have already opened their stores. eobuwie will also join the tenant roster this fall. VENEZIA, TATUUM, WITTCHEN, and Pako Lorente are also continuing their partnerships with the centre, significantly expanding their stores, while Lee Wrangler and German Optiker are moving to new locations. The new agreements and extensions cover a total area of nearly 1,800 square meters.
  • mFinanse S.A. has extended its current lease at the LIFE_Building in Warsaw and expanded its office space. As of July this year, the mBank Group company will occupy a total of 350 sqm in the building owned by VIG Fund. During the transaction, VIG Fund was represented by JLL, the exclusive leasing agent for LIFE_Building, while Deloitte Legal provided legal advisory services.
  • Stay Fit Gym, the largest fitness chain in Romania and Eastern Europe, is launching a new premium concept for those seeking high-end facilities. The brand is debuting its first "Black" type centre in the Palas Iași mixed-use complex, owned by Iulius.

New appointments

  • Avison Young's Valuation and Advisory team in Poland has welcomed a new member, Michał Marynowski, who takes the role of Assistant Valuer. Among other experiences, he worked at the Court of Appeal in Warsaw, where he was responsible for verifying execution documentation for selected investments, updating data in the premises database for court buildings, and analysing tender bids. Proficient in GIS, AutoCAD, and Revit, he also has strong skills in interpreting planning documents.
  • Golden Star Group, an international investment firm operating in the real estate sector, has announced the promotion of two key specialists within its Polish team. Paweł Moczybroda has been appointed Group Chief Financial Officer, while Ewa Dragunajtys has been promoted to Head of Asset Management.
  • Tomasz Chojnacki, a commercial property expert with nearly 20 years’ experience, has joined international real estate advisory firm Newmark Polska as Regional Director for Southern Poland in its Office Department, with effect from 1 August. His key responsibilities include representing office tenants during relocations and lease renegotiations.

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