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Bulgaria

CTP looks to double in size by 2030

CTP Group is aiming to double the size of its pan-European network of business parks to 20 million sqm of GLA by the end of the decade, amid forecasts of continued strong demand for industrial and logistics space across Central and Eastern Europe.
Monday, 17. April 2023

CTP delivers 15,000 sqm to DSV in Sofia

CTP has delivered a state-of-the-art 15,000 square metre logistics development at CTPark Sofia Airport to its anchor tenant DSV. This second development for Danish-headquartered DSV doubles its total footprint at CTPark Sofia Airport to approximately 30,000 sqm.
Wednesday, 1. March 2023

CTP initiates €150 million multi-project investment programme

CTP has initiated a new €150 million investment programme to develop over 200,000 sqm GLA of prime warehouse space in the country over the next two years and including the acquisition of two logistics centres in the capital Sofia from Bulgarian logistics developer and operator Transcapital.
Thursday, 6. October 2022

Japanese Manufacturer of Electric Motors Nidec enters Bulgarian Market

Nidec Elesys Europe has recently signed a lease contract for 700 sqm of Class-A office space in Sofia Airport Center, which is part of Revetas Capital portfolio of assets in Bulgaria. The company was founded in 1973 and is now entering the Bulgarian market for the first time.
Tuesday, 20. September 2022

GTC welcomes Beiersdorf to Sofia Tower II

Beiersdorf will move into the class A office building Sofia Tower II in Sofia. The newly developed building is in the final stage of construction.
Friday, 2. September 2022

Accor opens new luxury hotel in Plovdiv

Accor announces the official opening of its flagship property in Plovdiv. The Emporium Plovdiv - MGallery located in the reborn building with a history, surrounded by the vibrant culture welcomes guests with the captivating story of Europe's oldest continually inhabited city.
Thursday, 28. July 2022

GTC aces two lease deals in Sofia

Globe Trade Centre continues a streak of signing quality lease agreements and growing tenant family. This time GTC Bulgaria welcomes a new tenant on board – a fast-growing software company Gtmhub, which will lease 1 700 m² in Advance Business Centre I. Moreover, one of GTC’s anchor tenants extended the lease in Mall of Sofia ...
Monday, 18. July 2022

Increased enquiries for SBU and LML space in CEE-15 countries

The total stock of SBU (Small Business Units) / LML (Last Mile Logistics) space in the CEE-15 countries accounts for over 3 million m², but the development of this market is not evenly spread in this region. The largest amount of space is located in Poland (circa about 2 million m²), reveals a new report by Colliers: "ExCEEdi...
Friday, 1. July 2022

Colliers promotes Luke Dawson and Monika Rajska-Wolińska

Colliers’ current leader of the CEE region (excluding Poland) Luke Dawson, Managing Director & Head of Capital Markets in CEE, is promoted to Managing Director, EMEA Cross-Border Capital Markets, as the business makes a major investment into its regional cross-border Capital Markets team in EMEA. Dawson will be based in Londo...
Monday, 5. July 2021

European hotel rooms see strong growth in value with gains across most cities in 2018

Hotel values across Europe registered another strong year in 2018 showing 3% growth and reaching new highs, according to the annual European Hotel Valuation Index (HVI), compiled by HVS. Although a more modest growth than that of 2017 at 3.9%, 2018 saw recovery for many cities as well as a levelling off in values for some mar...
Tuesday, 26. February 2019

Offices & Logistics are the engines of growth in European real estate

Europe’s commercial real estate markets maintained their positive trend across most markets and property types during the fourth quarter of 2018, according to Cushman & Wakefield’s latest DNA of Real Estate report. The European sector, however, was more subdued.
Wednesday, 30. January 2019

Lion's Head Investments completes Megapark acquisition in Sofia

Robul, Universale International Realitaten and CA Immo has complete the biggest office investment deal in the last years in the Bulgarian capital. Lion's Head Investments, a joint-venture between Old Mutual & AG Capital, has acquired the Megapark business centre, which is with 45,000 sqm one of the largest office buildings in...
Wednesday, 15. August 2018

InterContinental® makes its debut in Sofia

InterContinental® Hotels & Resorts has opened the InterContinental® Sofia in the capital city. Marking the brand’s debut in the country but seventh opening in Eastern Europe, the hotel features 194 rooms, including 27 Club rooms and 37 Suites. The hotel is located in the capital's city center.
Thursday, 17. May 2018

Europa Capital sells Mall of Sofia

Europa Capital has contracted the sale of its Mall of Sofia on bul. Aleksandar Stamboliyski 101 investment to Globe Trade Centre S.A. Mall of Sofia comprises a 23,700 sq. metre shopping centre and a 10,300 sq. metre office tower located in the city centre. The retail occupancy rate is currently at 98% and office occupancy rat...
Friday, 27. April 2018