Mall Varna, the second mall in the Black Sea city of Varna, will open its doors to customers on June 12 with a fourday grand opening programme, the shopping centre said in a media statement on its website on May 21.It will allow 100 people, picked through a lottery on its website, a sneak preview two days earlier.
German discount store chain Penny Market announced plans to build a fivemillioneuro hypermarket in the town of Shoumen, company representative Miroslav Boulva told municipal councillors, as quoted by Dnevnik daily.The company plans to buy 4000 sq m in the area of the former commercialindustrial zone in Shoumen, of which 1000 sq m will be used for the building itself and the remainder for the construction of 250 parking places.
German discount store chain Penny Market announced plans to build a fivemillioneuro hypermarket in the town of Shoumen, company representative Miroslav Boulva told municipal councillors, as quoted by Dnevnik daily.The company plans to buy 4000 sq m in the area of the former commercialindustrial zone in Shoumen, of which 1000 sq m will be used for the building itself and the remainder for the construction of 250 parking places.
Days after real estate investment trust Equest Balkan Properties announced that it would sell some of its assets in Bulgaria and other neighbouring countries, it announced that it had sold the former Hotel Serdika to Uniqa Real Estate, the real estate subsidiary of Austrian insurer Uniqa, Dnevnik daily reported on May 15.Equest managing partner Georgi Kroumov confirmed the news but declined to specify the value of the transaction until the deal was finalised.
Swiss concern ABB gave the goahead to a project to build a 20 million 12.92 million euro plant near Bulgarias second largest city Plovdiv, the concern said in a May 15 statement.The plant will become an internal supplier for ABB, which will manufacture automated components in other factories of the concern.
Austrian investment fund Immoeast acquired a 50 per cent stake in Cherno More Park from Germanys ECE Projectmanagement, the German company announced. Once completed, the 150 million euro development will be the largest retail centre in Varna.
By the end of the year Serbian Delta Maxi plans to open 10 new supermarkets in Bulgaria, as part of its regional expansion campaign, Serbian broadcaster B92 reported.Delta Maxi bought a majority stake in Bulgarian retail chain Piccadilly last year, at which point its CEO Dragan Filipovic said the company would invest 70 million euro in Bulgaria over the next two years.
Africa Israel Investments, an Israeli real estate developer, will finance Business Park Varna in Varna, on the Bulgarian northern coastline, Reuters news agency reported.Its subsidiary, AFI Europe, and Investcredit bank AG signed an agreement to this effect. AFI Europe will provide 59 million euro of the funds. The cost of the building and the three existing buildings was worth 76.5 million euro.