Slovenias largest food retailer Mercator will rent space for a hypermarket in the Mega Mall in Sofia, currently under construction, deal consultant Raiffeisen Imoti, the real estate arm fullyowned Raiffeisenbanks Bulgarian subsidiary, said on November 17, as quoted by Dnevnik daily.Mega Mall is developed by Austrias Real4YOU Immobilien. Its leasable area will be 24 000 sq m, split between more than 100 shops. The area earmarked for the hypermarket is 3054 sq m.
House prices in Bulgarias Danubian city of Rousse have fallen by 10 per cent, and will continue to fall, Bulgarian National Television BNT quoted the head of the citys construction chamber, Georgi Stoev, as saying on November 16 2008.
Bulgarian company CBA Property Investment, the real estate division of discount retailer CBA Bulgaria, has teamed up with an unnamed Israeli investor to raise a fivestar congress centre and a shopping mall in Veliko Turnovo.The news was announced during Israeli ambassador Noah Gal Gendlers visit to the town in central Bulgaria. Veliko Tarnovo offers investment opportunities in construction, transport, tourism and trade, Gendler said.
Developer ZBS plans to begin construction on the first openair mall in Bulgaria in March 2009, website investor.bg reported on November 10. The investment in the new shopping centre is estimated at 30 million euro.The Strand mall would be built on a six ha plot near the highway to Sofia, next to a Baumax hypermarket, currently under construction. The openareas will be built like pedestrian streets and will be covered in bad weather.
An 0.8 h amp;1072; land plot in the industrial park of the town of R amp;1086;usse on the Danube River will go up for sale with a starting price of 25 euro a sq m. Mayor Bozhidar Yotovs proposal to sell the land needs only the municipal councils approval to go through.
Investors have slowed down or halted industrial and logistics centre projects in the face of administrative hurdles and a worsening global financial market, showed a research of property consultants Colliers International. The projects fate will be decided in the next three or four months, said Simeon Mitev, manager of real estate agency REMAX Chance Group. A humble 23,000 sq m of speculative logistics areas entered the Sofia market in the first half of the year, under data by Colliers.
The construction of the largest and most advanced velodrome in South Eastern Europe is set to begin in early 2009 in the central Bulgarian city of Plovdiv. The modern facility will be constructed in the picturesque town, over an area of 12 hectares. It will be an Olympicsized complex, fully covered, and will be located at Iztochen Boulevard and Naicho Tsanov Street, Stroitelstvo Gradut weekly wrote on November 24 2008.