Scottish company Miller Developments purchased Mall Varna for 120 million euro, consultancy company Forton International reported.

The sales negotiations lasted more than a year and involved consultants from Forton and Cushman&Wakefield, investor.bg reported.

The construction of the mall itself was launched a bit earlier by the investor Interservice Uzunovi.

Gross built-up area of Mall Varna was 70 000 sq m. Nearly half of the mall’s area, 32 000 sq m would be offered for rent. The mall should be opened within half a year.

Pavlina Nikova, Forton manager for the project, said that there were already tenants for 26 000 sq m of the area to be rented.

The mall would have a cinema, supermarket, bowling, bookstore and 10 restaurants, she said.

Miller Group is the biggest private property construction holding in the UK, investor.bg said.