New Office Center to Open in Bulgaria's Capital in Fall 2010

Properties | June 7, 2010, Monday // 16:07|  views

The new Office Center is scheduled to open doors on October 1, 2010. Photo by

Poligraphia Office Center will open doors in the Bulgarian capital Sofia in Fall 2010, announced Forton International, which is the intermediary of the deal.

The center, which is located on the Tsarigradsko Shousse Blvd, is the result of a project for transforming five old, historic buildings into modern business areas. It has a built-up area of 21 200 sq.m., over 2 200 sq.m. commercial space and 19 000 sq.m. office space, and 230 parking spots.

The complex is at finishing stage and the official opening is scheduled for October 1, 2010. The central entrance and the internal parking are still not ready, but the office interiors are all done.

The complex will feature a restaurant and a coffee shop. The company stated that it is working on finalizing deals for 5 000 sq.m. office space, but refused to reveal specific company names and rent prices.

For the time being, only the Bulgarian retail chain Piccadilly is known to rent 510 sq.m. from the retail part of the Poligraphia Office Center for its new Piccadilly Express compact retail format.

The investor in the new office complex, Bulgarian Land Development (BLD), is listed on the London stock exchange. The company's projects include office centers in Sofia and residential complexes at Bulgarian sea and ski resorts. The total value of the projects is around EUR 170 M.

BLD is part of AG Capital, Bulgaria’s largest real estate holding company. Forton International, subsidiary of AG Capital, is an international advisory company focusing on commercial real estate alone.

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Tags: Poligraphia Office Center, Forton International, AG Capital, Bulgarian Land Development, Piccadilly


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