Bulgaria

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...

The development of European shopping centres is predicted to accelerate, with 9.1 million square metres due to be delivered over 2016 and 2017, according to a research report published today by Cushman & Wakefield. The European Shopping Centre Development Report showed that 2015 delivered one of the lowest annual volumes of ...

According to a Sofia City Report by JLL, during the third quarter, GDP growth recorded a 0.7% increase on a quarterly basis which was primarily driven by overall consumption growth. Consumption was underpinned by rising wages and low inflation, followed by low oil prices. Economic growth is highly dependent on exports which a...

InterContinental Hotels Group (IHG) signed for InterContinental Sofia, the first for the brand in Bulgaria. The hotel will operate under a management agreement with InterHotel Grand - Hotel Sofia AD. The existing hotel will undergo a refurbishment and emerge as a 182-room InterContinental hotel in 2017. The hotel will feature...

UniCredit Bank Austria AG and UniCredit Bulbank AD have jointly underwritten a €103.3 million senior facility to refinance Business Park Sofia, the largest office park in Southeastern Europe. The transaction closed in June 2015.

In the spring of 2010, stock exchange listed S Immo AG opened the largest shopping centres in Bulgaria and Romania at the time: Serdika Center in Sofia and Sun Plaza in Bucharest. On their fifth anniversary, Friedrich Wachernig, Member of S Immo AG’s Management Board, takes stock of the success the two shopping centres have e...

Salamanca Group, the Merchant Banking and Operational Risk business, announces the opening of a 19 storey 21,000 sq m office tower at the award winning Bulgaria Mall development project in Sofia. As the first of two proposed office towers, the building is already 80% let to a broad range of companies which are using the offic...

Colliers International was instructed by Immofinanz Group to manage eleven office and industrial properties located in Poland, Bulgaria and Hungary. The total volume of the managed portfolio exceeds 167,000 m² of GLA.

Iglika Yordanova is undertaking the management of Colliers International Bulgaria in her capacity as managing director. She was previously retail services manager and then at the beginning of 2013 was promoted to deputy managing director.

The International Facility Management Association (IFMA) is pleased to introduce its newest IFMA Alliance partnership with the Bulgarian Facility Management Association (BGFMA).

Europa Capital has secured two new international retailers at the Mall of Sofia shopping centre in the Bulgarian capital, Sofia. Global fashion brand H&M has chosen Mall of Sofia to open two new stores, and, for the first time since the retailer entered the Bulgarian market, has chosen one location for two separate stores. On...

TriGranit Management Corporation (TGM) has won the full Property Management mandate for South Sofia Ring Mall, following a tough tender process against determined opposition.

The real estate market in Bulgaria will remain relatively stable this year. Supply in certain segments will continue to considerably exceed demand. According to Colliers, 2013 will be a year of choices. Tenants and buyers will have to choose a project from a number of options. Owners will be deciding on positioning strategies...

Together with its joint venture partners Robul and Bank Austria Real Invest, CA Immo has already signed new lease agreements for around 17,600 m² of space in the Megapark office complex this year. The building is situated in the Bulgarian capital, Sofia. About 75 % of the space has now been let. CA Immo has a share of 43.5 %...

Salamanca Group announces the opening of Bulgaria Mall, a development project of c. 100,000 sq.m, with c. 35,000 sq.m of retail space, located at the intersection of the Bulgaria and Todor Kableshkov boulevards in Sofia, Bulgaria.

The huge decline in the construction sector of Bulgaria seems to be overcome in 2012, since developers are finding new niches under the current economic conditions in Bulgaria. According to the research firm Buildecon, in the period of 2012-2013 the residential sector is depleted, not providing good opportunities for investor...

In 2011, GDP of Bulgaria is anticipated to record a surge of 2-2.5%. Compared to the overall economy, the Bulgarian construction sector is still lagging behind in revival. This is reported in the actual market report by Buildecon. In 2011, growth rate is to be negative for the third year in a row. The pace of reduction is slo...

S Immo AG has gained another very renowned tenant at its Serdika Center shopping centre in Sofia: After opening a shop at Bucharest's Sun Plaza, the largest shopping centre in Romania, in November 2011, the Swedish fashion chain H&M has now also signed a lease at Serdika Center.