News
Slovenian chain Mercator to step in Varna in autumn 2009
08.04.2009
Varna Towers retail centre, expected to open in the autumn of 2009, has signed a rent contract with Slovenian retail company Mercator, weekly Stroitelstvo Gradut reported. Mercator and Varna Towers management signed the contract in March 2009 in Sofia. Mercator's hypermarket in the Varna Towers will be the chain's first in the seaside city and one of the first in Bulgaria. Varna Towers aims to become the primary retail and recreation centre in Varna. It was initially planned to combine the retail and entertainment areas with extensive office and administration space in the two towers on either side of the mall, but the office development has been put on hold because of insufficient funding. The developers claim that the facility will have "a modern, exclusive design, strategic location, functional and practical interior design and the trade and office area will meet and exceed all expectations of our clients which will ultimately guarantees the success of the project as a whole", Stroitelstvo Gradut reported. Varna Towers is in one of the busiest junctions of Varna, facing Vladislav Varnenchik Boulevard. In spite of the busy location, the developers claim that Varna Towers will offer "excellent car access and ample parking capacity, with three underground levels and a outdoors level, as well as first grade auxiliary infrastructure aimed to facilitate pedestrians. The unique and unprecedented design of the complex is bound to transform Varna Towers into a local landmark".

Source: sofiaecho.com
Cinema City sells two mall projects in Bulgaria for 85 million euro
09.03.2010
Cinema city, a cinema chain that has a real estate business in Bulgaria, has signed a contract to sell two mall projects to Israeli Ιsrael Theaters. The deal is valued a...
Bulgaria, Serbia sign gas grids interconnection agreement
08.03.2010
Bulgaria's Economy and Energy Minister Traicho Traikov signed on March 5 an agreement with Serbia's mining and energy minister Petar Škundrić to speed up the construction o...
Experts: Bulgarian property market expects resurgence in 2010
04.03.2010
Real estate agency firm Elta Consult claims that the global economic downturn will have a positive effect on the Bulgarian market in 2010, a company media statement said on...
Bulgarian Parliament approves privatisation, control agencies merger
19.02.2010
Bulgaria's Parliament passed on February 19 at second reading amendments to the Privatisation and Post-Privatisation Control Act that envision the merger of Bulgaria's priv...
Year of property buyer, tenant to continue in 2010
18.02.2010
Office building owners to keep on luring potential clients Property buyers had their year in 2009, brokers say. Tenants were also assiduously courted by the owners of o...
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