ARTICLES LABELLED WITH TAG Sofia

News Sofia’s office market faces significant slowdown
05
May
2020

Sofia’s office market faces significant slowdown

by Property Forum
The office market in Sofia faces a significant slowdown, due to the economic uncertainty and weakening business activity caused by COVID-19, according to the latest market report of Forton, a strategic partner of Cushman & Wakefield for Bulgaria and Macedonia.
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News Sofia shopping centre reaches fully occupancy
30
Jan
2020

Sofia shopping centre reaches fully occupancy

by Property Forum
The Park Center shopping centre in Sofia, managed by Ceres Management Services, is now fully leased. On the last business day of 2019, the lease agreement for the last remaining vacant space in the mall (60 sqm on floor 2) was signed, which will be transformed into a new dining concept.
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News F&B sector set to grow in Bulgaria
27
Jun
2019

F&B sector set to grow in Bulgaria

by Property Forum
The share of food & beverages in modern shopping centres in Sofia is two to three times below the European benchmark, according to the latest report by Colliers International. From 5% a decade ago, it grew to 10-15% of GLA in European cities in present times and is forecasted to reach 20% by 2025. The share of F&B in Sofia shopping centres is about 6% or 20,000 sqm of the total space.
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News Bulgaria's BREF receives permit for Sofia office building
06
Dec
2018

Bulgaria's BREF receives permit for Sofia office building

by Property Forum
Bulgarian Real Estate Fund received permission for the construction of a new building in the state-owned Science and Technology Park in Sofia.
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News Hystead buys Sofia hypermarket for €23 million
13
Sep
2018

Hystead buys Sofia hypermarket for €23 million

by Property Forum
South African real estate investment trust Hyprop Investments has acquired a hypermarket adjacent to its shopping centre The Mall in the Bulgarian capital for €23 million back in June.
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News BREF to invest €33 million in Sofia Tech Park office building
18
Jul
2018

BREF to invest €33 million in Sofia Tech Park office building

by Property Forum
Bulgarian Real Estate Fund plans to invest €33 million in the construction of an office building in state-owned Sofia Tech Park. At first, the project will be financed with the proceeds from the company's planned capital increase, while at a later stage the construction works will be financed through loan financing.
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News Park Lane starts new office project in Sofia
10
Jun
2018

Park Lane starts new office project in Sofia

by Property Forum
The newest company in the structure of AG Capital, Park Lane Developments is planning the construction of a new office project nearby Paradise Center and Vitosha metro station in Sofia, Bulgaria. The building will have 24,000 sqm of leasable office space. The floors alignment in the new building will be 3,000 sqm and the project is expected to be finished at the end of 2020. The investment is worth €30 million.
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News Lion's Head Investments to buy Megapark in Sofia
31
May
2018

Lion's Head Investments to buy Megapark in Sofia

by Property Forum
Sofia-based Lion's Head Investments, a wholly owned subsidiary of local AG Capital, has asked for the Bulgarian competition regulator’s approval to acquire Megapark business centre in the capital.
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News GTC acquires Mall of Sofia in Bulgaria
27
Apr
2018

GTC acquires Mall of Sofia in Bulgaria

by Import Sys
GTC continues its growth strategy and further expands its portfolio in Sofia. The developer and asset manager purchased Mall of Sofia, a prime shopping centre and office tower in Sofia’s Central Business District, seizing opportunity in the growing economy in Bulgaria. The property was formerly owned by Europa Capital.
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News BSTDB & Postbank to finance Sofia’s Marriott hotel
17
Apr
2018

BSTDB & Postbank to finance Sofia’s Marriott hotel

by Import Sys
The Black Sea Trade and Development Bank (BSTDB) and Postbank (Bulgaria) will jointly provide €58.3 million (€32 million and €26.3 million, respectively) to help finance the construction of a Marriott hotel in Sofia, the first hotel of the international chain in Bulgaria. The 12-year loan will be extended to I Tower Development JSC, a special-purpose company set-up in Bulgaria. BSTDB acted as arranger of the deal. The operation aims at meeting the growing demand for high-quality business and tourist accommodation and conference facilities in the Bulgarian capital.
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Latest news


New leases

  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.
  • SNF, a company operating in the beauty sector, has renewed its lease for approximately 2,300 sqm of warehouse and office space at Prologis Park Poznań I. Axi Immo represented the tenant in the transaction.

New appointments

  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.
  • Maciej Wieczorkiewicz is joining the Avison Young Technical Advisory team in Poland. Maciej is an experienced engineer with many years of experience in managing fit-out projects and investments in the commercial property sector. During his career development, he has worked for companies such as Made In Terior, TECAS Fitout and Colliers Define.

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