Thursday, March 29th, 2007

Odessa Property ot invest 40 million Euro in office centre in Bulgarian capital

building_4.jpgInvestment fund Odessa Property plans to allocate nearly 40 million euro in the construction of an office centre close to Business Park Sofia. The building will be set up on a plot located between Alexander Malinov Boulevard and Sofia’s ring road. Last year Sofia’s chief architect Petar Dikov announced the development, and Odessa Property Bulgaria has already launched the procedure to receive the documents needed to start construction. Work on the project is to begin in the summer of 2007.

The project itself and the investment in the facility have not been defined yet, company representatives said. According to plans the office building will meet all international standards. Plans feature a 27-storey high construction, which could be taken down to 21 or 22 floors because of high expenditure. Initially space in the centre will be offered for rent after which the project will be sold to a major investor.

Pari Newspaper

Posted by property-bulgaria on March 29th, 2007 | Filed in Commercial property, Capital (Sofia) property |



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