Sat, Nov 07 2009

French retail chain Carrefour has confirmed that it will open a store in Mall Pleven
The first phase of the overhaul will include Troikata Square, Alexandrovska and Bogoridi streets, all houses located in the perimeter as well as the segment from Tsar Simeon and Bulair and Cyril and Methodii streets.
Carrefour, Marks&Spencer, Kenvelo, Benetton, Adidas, Mango, Terra Nova, Intersport, Sport Depo, Mothercare, New Yorker and Starbucks, among many others, expect their customers at Bourgas Plaza.
After Bourgas, Carrefour eyes Sofia next, but not before February 2010
France's Carrefour, Europe's biggest retailer, has not given up on the planned rapid expansion in Bulgaria despite the global economic slump, sources close to the company said. The chain has inked a contract to open a 10 000 sq m outlet in Rousse's Grand Plaza shopping mall, which should be finished in 2010. Carrefour has been preparing for Bulgarian entry for a several years now, planning to debut in 2009 and build a 30-strong network of supermarkets and hypermarkets over the folowing five years.
Carrefour, the French hypermarket chain, announced plans to build a retail-entertainment complex in Stara Zagora, weekly Stroitelstvo Gradut said. The total investment will amount to 10 million euro as the property itself will be situated on a land plot of 20 900 sq m. The project features a mall, whose retail space will be 14 575 sq m, as well as hypermarket on a further 6324 sq m. Architect Ilian Iliev of Planning Ltd. has been picked todesign the mall, with Carrefour currently still looking to select a construction company to build it. With the opening of the complex, Carrefour has promised to offer 400 new job positions when the project is completed by 2010 as planned.
French retail giant Carrefour sold its development, which is currently being constructed on Sofia's Tsarigradsko Chausse Blvd, to Greek fund Assos Capital, for roughly 200 million euro, Alexandros Papageorgiou, the new fund's managing director, said in a statement, as quoted by Kapital weekly. This is the biggest transaction in Bulgaria's real estate sector since the start of the year and second-biggest re-sale in the segment, topped only by Landmark's sale for 210 million euro, but ahead of the 180-million deal for Business Park Sofia.
Marinopoulos, the Greek partner of the French group Carrefour, has reached an agreement with a buyer for Carrefour mall in Sofia, Pari daily reported on March 13. Marinopoulos holds the rights to develop Carrefour's retail chain in Bulgaria. The new owner is likely to be a large Greek company planning large-scale real estate investments in Bulgaria, Pari said.
Office rent transactions peaked at 65 000 sq m between July and September 2008, but collapsed to 10 700 sq m in Q3 2009, Forton manager Sergei Koinov said.
Most potential buyers are now opting to buy a luxury flat in the range of 120 000 to 150 000 euro or a single family home for about 500 000 euro.
About 30 000 to 35 000 people employed in the construction sector were facing redundancies in 2010, Bulgaria's Regional Development Minister Rossen Plevneliev said on October 26.
Average market prices of housing in Bulgaria dropped five per cent in July-September, measured quarter-on-quarter, the National Statistical Institute said on October 23 2009.
The European Investment Bank (EIB) has released a 43.5 million euro loan to Sofia Municipality, for infrastructure projects worth 88.1 million euro in total
As an English woman living permanently in Bulgaria it is exciting seeing the country moving forward at last.I have always loved Burgas and will enjoy the new shops.Well done Bulgaria.