Serdika Center celebrates topping-out

The construction of one of the biggest shopping and office centers in South-Eastern Europe, the Serdika Center in Sofia, is running at full speed. On 8 October, construction workers and the planning staff celebrated the topping out, which means that the building of the shopping center reached its full height. “Despite the current economic situation the construction works are in line with our schedule, which shows the investors’ strength and the unrivalled experience and professionalism of the parties involved”, stated Plamen Iltchev, Managing Director of ECE Bulgaria. Serdika Center is being realized by Sparkassen Immobilien AG, which is listed on the Viennese stock exchange, and ECE Projektmanagement, European market leader in the field of inner-city shopping centers. General contractor is the Turkish construction company Kayi. The total investment amounts to EUR 210m. Serdika Center’s opening is scheduled for spring 2010.

Serdika Center comprises more than 51,000 square meters of rental space on three levels and about 35,000 square meters of Class A office space. The shopping center will house approx. 220 shops of international and Bulgarian brands. More than 90 % of the rental area is already leased out. More than 2,000 new jobs are created within the framework of the project.

The shopping and office center is located on Sitnyakovo Boulevard in the prestigious Oborishte district. Around 1,600 parking spaces will provide comfortable access to the mall and the offices. In addition, several bus and tramway stations are located in direct proximity. To ensure a swift entry into the car park, the investors are improving the road infrastructure by building a new intersection and widening the surrounding streets. In view of its convenient connection to the traffic network, the Serdika Center will be equally attractive to more than 1 million customers and business people who live in the capital as well as in the remote districts of Sofia.