News Black Sea Property to take over Grand Hotel Varna

Black Sea Property to take over Grand Hotel Varna

by Property Forum
Isle of Man-registered Black Sea Property, a company involved in property development, financing, and sales in Bulgaria, has recently announced a significant acquisition. They have signed an agreement to acquire 98.27% ownership of the Bulgarian hotel operator, Grand Hotel Varna, for approximately €28 million. The deal is to be finalized by October 30th. It aims to bolster Black Sea Property's investments in the hospitality sector.
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News Delta Planet Mall in Varna invests in rooftop solar installation

Delta Planet Mall in Varna invests in rooftop solar installation

by Property Forum
In March 2023, the Delta Planet Mall retail centre, located in Varna, Bulgaria, inaugurated an innovative photovoltaic solar installation. The investment of nearly €500,000 (BGN 1 million) covers the construction of 1,029 solar panels with a total capacity of 556 kW.
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News Bulgarian insurer buys Varna office complex

Bulgarian insurer buys Varna office complex

by Property Forum
Bulgaria-based insurance company DZI, part of Belgium's KBC Group, has acquired Mall Varna, an office building located in Varna, Bulgaria. The seller was Hidrostroy, a local company. The transaction price has not been disclosed.
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News Delta Holding to invest €600 million in real estate projects

Delta Holding to invest €600 million in real estate projects

by Import Sys
In the next two years Delta Holding plans to invest €600 million in real estate projects in Serbia, Bosnia and Herzegovina and Bulgaria.
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News Delta Real Estate develops Varna shopping mall

Delta Real Estate develops Varna shopping mall

by Ákos Budai
Delta Holding subsidiary Delta Real Estate, in cooperation with AP investments, has finalised the acquisition of a shopping mall in Varna, Bulgaria. The project is worth €120 million and it will be completed in May 2018.
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Latest news

New leases

  • Among the new tenants of the retail part of the Sky Tower complex in Wrocław is Empik. The store has a floor area of approximately 270 sqm.
  • Breakfast restaurant Bułkę przez Bibułkę, will open its first outlet outside of Warsaw. The new premises will be set up in Łódź's Fusion. The tenant will occupy 180 sqm in one of the historic buildings located in Ogrody Anny. The opening is scheduled for the summer holidays.
  • The shopping centres managed by EPP, Wzorcownia in Włocławek, Galeria Solna in Inowrocław and Galeria Olimpia in Bełchatów, are extending their offer with the assortment of Pitbull, one of the most recognisable sportswear brands in Poland. The area covered by the leases amounts to over 250 sqm.

New appointments

  • The Supervisory Board of Globe Trade Centre S.A. has appointed Balázs Gosztonyi as a member of the Management Board of GTC S.A. Balázs Gosztonyi has held the position of Chief Financial Officer at GTC Hungary since January 2024. He joined GTC Group in September 2023 as Group Controlling Director.
  • Wiesław Malicki has become the new President of Polski Holding Nieruchomości, the company's Board has announced. Until now, the acting Chairman of the Board was Artur Lebiedziński.
  • Prologis' Warsaw team has gained a new director. As of 1st of April, Marzena Tkaczuk has joined the team of development experts. As Capital Deployment Director, she will be responsible in particular for the implementation of build-to-suit projects.


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