Bulgaria

Colliers International, Automotive Cluster Bulgaria and Pwc conducted a second consecutive survey of the automotive industry in Bulgaria. There are approximately 130 automotive companies in the country, producing components for top international automotive brands. These are predominantly Tier 1, 2 and 3 suppliers and include ...

Automotive companies and its component suppliers sector is very important in the CEE industrial sector and is growing according to a new report, “The Road Kings: CEE Autos”, from global real estate advisor, Colliers International. Auto exports ranged from 4.7% of total exports in 2015 in Bulgaria, upwards to 28% in Hungary an...

Liliya Krasteva has been appointed as Head of Property Management Bulgaria for Ceres Management Services. Ceres is a company launched by Revetas Capital. In her new role, Krasteva will oversee the property and project management services of Park Center Sofia, Sofia Airport Center (SAC) and MHQ. Part of her priorities will be ...

During the first half of 2017 demand and supply of modern retail space in Bulgaria has been aligning with each other, according to a new research of Colliers International. During the period, modern shopping centers retail space supply balanced with demand by keeping its previous levels of 791,760 sqm in the country and 406,6...

South African fund Hystead acquires The Mall, located in the capital city Sofia. The acquisition, upwards of €156 million, represents the fourth investment in the region by Hystead Limited, a joint venture between Hyprop Investments and Homestead Limited, who previously acquired the Delta City shopping centres in Podgorica an...

Changes of Park Center Sofia’s tenant mix continue. The new supermarket ‘Billa’ is planned to open doors this autumn. The store will be situated on 1700 sq. m

Cushman & Wakefield has renewed and rebranded its exclusive arrangement with Forton as its affiliate in Bulgaria and Macedonia. The formal affiliate appointment follows the 2015 global merger of Cushman & Wakefield and DTZ. Forton has been Cushman & Wakefield’s partner since 2006. From today, Forton will rebrand as Cushman & ...

Colliers International’s residential mid-plus and high-end residential market overview of Sofia in 2016 confirms the deepening of the pre-sale deals trend. It started to gain more importance in 2015 as a result to the growing demand and the respective depletion of the completed high-quality product. As a result, the share of ...

The light industry companies and the manufacturers of automotive components are the main demand driver for industrial space in Bulgaria, shows the latest market overview of Colliers International. A joint research project of Colliers in Bulgaria and Automotive Cluster Bulgaria, conducted in the second half of 2016, showed tha...

In the second half of 2016 class A offices in Bulgaria took 70% in the total supply, shows the latest research of Colliers International. The interest is generated mainly from companies coming from the outsourcing and IT sector, which has a growing share in the office market transactions – 60% during the first half of 2016 an...

Colliers International’s latest research shows a positive outlook for the investment market in Bulgaria. The total value of completed investment deals in 2016 was slightly above the previous year’s results, reaching €262 mln. The three largest deals were the sale of Sofia Airport Center, SOMAT Logistic Park and Stokov Bazar I...

The modern retail property market during the second half of 2016 continues its positive development, according to Colliers’ latest research. For the first time in a year, the total supply in Bulgaria saw an increase reaching 791,760 sqm, mostly due to the opening of Mall Markovo Tepe in Plovdiv. The demand for retail space in...

Hesburger is coming to Bulgarian market. Its first owned premises, acquired with the help of the real estate consultant Colliers International, is located in Lovech and is expected to start operations at the beginning of 2017.The total number of restaurants, planned by the chain for the next year, is at least four with a tota...

Bulgaria heads the list of the top ten countries in terms of attractiveness to the automotive sector in Europe. This was revealed in the latest research by Colliers and Automotive Cluster Bulgaria, which took place during the second half of 2016.

According to a Sofia City Report by JLL, during the first quarter of 2016, GDP growth amounted to 2.9% on an annual level, supported by robust consumption growth and a fall in trade deficit. Consumers are benefiting from rising real wages, with real personal disposable income in the last quarter of 2015, up by 10% on a year b...

The Bulgarian investment market saw a number of positive developments during the first half of 2016, according to the latest Colliers’ report. Part of the good news is that for the first time since 2012, income-generating transactions prevailed (85%) over speculative (15%).

The latest Colliers report reveals a stable retail property market in Bulgaria during the first half of 2016. Modern shopping centers in Sofia retained the absorption levels from the previous period – nearly 15,000 m² of leasable space, compared to 16,370 m² in the second half of 2015. In well-established projects enjoying ac...

EECFA published its latest Forecast Reports with forecast running up to 2018 on the 8 Eastern European countries it covers: Bulgaria, Croatia, Romania, Russia, Serbia, Slovenia, Turkey, and Ukraine. On the €30 billion Balkan market, optimism was confirmed by the freshest forecast. On the building construction market, close to...