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City Center Sofia vanguard on foe malls

26
Apr '06
City Center Sofia will turn out to be the first of the three international-style malls under erection in the Bulgarian capital to welcome its first customers when it opens on 12 May, 2006.

Equest Balkan Properties, the property Investment Company paving attention on commercial, retail and industrial property in South Eastern Europe purchased City Center Sofia in March for 94-mln euro in cash.

A local construction company Stroytown had developed the mall project, with an initial investment worth 40-million euro.
The new owner has hired Investa Property Solutions to administer the mall and related property.

City Center Sofia mall comprises 44,424 square metres of built area and 22,146 square metres of lettable space on six levels, with underground parking for approximately 500 cars.

The mall had 72.3 percent of the lease area contracted while the deal with Equest was announced.

Along with the mall tenants are clothing and footwear retailers such as Nike, Puma, Kenvelo and Geox, fast food chain KFC, consumer electronics and white goods retailer Technomarket and food retailer Piccadilly.

It will also house the first local outlet of Polish coffee/sandwich bars operator coffee heaven as well as six cinema halls, bank offices, a pharmacy, beauty parlours and a dry cleaning shop.

Mall of Sifoa and Sky City are the other two big-box shopping centers about to be launched in the Bulgarian capital.


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