• Login
  • Search:

Wed, Jun 19 2013

CONSTRUCTION OF FIRST MALL IN BULGARIA'S VARNA BEGINS SOON

Tue, Aug 15 2006 09:03 CET

987 Views

The construction of the first mall in the coastal city of Varna would begin next week.

Mall of Varna would have trade area totaling 25 000 sq m. Both offices and stores would be offered for rent, mediapool.bg reported.

Construction was expected to end in November 2007, Interservice Uzunovi managing director Krasimir Ouzounov said. The company is investor in the project.

Investment in Mall of Varna exceeded 30 million euro, mediapool.bg reported.

The overall mall area would reach 65 000 sq m. Mall of Varna would have five floors and nearly 70 per cent of the area would be used for stores. Other facilities include restaurants, cafés and offices.

Mall of Varna would have three-level underground parking lots, mediapool.bg reported.

Interservice Uzunovi acted only as investor and construction company and lacked the capacity to manage the mall once it was completed. The company would sell the finished mall but deadline for the transaction was not set yet, Ouzounov said.

  • Print
  • Send via email
  • Translate to
  • Share:

More in this category

Bulgaria's real estate market stabilising - realtors

Worst is over for Bulgaria's property market after three years of decline, reports by Yavlena and Bulgarian Properties real estate firms claim.

Bulgaria plans bill to weed out rogue real estate agents

Draft law envisages professional association for real estate agents and a public register of real estate companies to bring order to the business and get rid of rogues and rip-off artists.

Landmark Centre Varna to be offered for sale on March 21

Landmark Centre Varna’s financial reports show its largest debt is an investment loan of 6.9 million euro issued by Eurobank EFG Bulgaria in mid-2008 and secured with a mortgage.

Raiffeisen Real Estate: Prices of Sofia homes returned to 2007 levels

Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.

Most property sales in Bulgaria were people wanting to escape their investment – report

Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.

© 2000-2013, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.