Sun, Nov 22 2009

City Centre Sofia owner appoints consultants MBL to manage mall

Thu, Apr 09 2009 10:40 CET byNick Iliev 1070 Views
City Centre Sofia owner appoints consultants MBL to manage mall

Photo: Julia Lazarova

Иnvestment fund Heitman European Property Partners Fund III (HEPP III) has appointed consultancy firm MBL, an associated partner of CB Richard Ellis in Bulgaria, to manage City Centre Sofia mall, which the fund bought in 2008, MBL said in a statement quoted by website investor.bg
 
The previous owner, Equest Balkan Properties, sold the mall to Heitman for 101.5 million euro. The retail centre officially opened for business in May 2006. 

MBL is already managing two office buildings owned by the investment fund. The buildings, known as Enterprise 1 and Enterprise 2 are near the National Palace of Culture (NDK). Among the clients renting space in the office buildings are ING Bank, GlaxoSmithKline and Maersk. CBRE says it manages over 2200 retail and office buildings in Europe, worth over 43 billion euro.

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