Friday, May 25th, 2007
Alfa Developments breaks ground for Alfa Business Center in Sofia
Alfa Developments, the Bulgarian property investment company, said it has broken ground for the construction of the mixed-use Alfa Business Center in South-eastern Sofia. , will have a built-up area of 15,700 sq m. It will deliver 7,000 sq m of office space on 7 aboveground levels.
The building is designed to accommodate 116 cars on two underground parking levels. Storage facilities and shops will occupy one semi-underground level.
Alfa Business Center will be first scheme from the multi-purpose BPS Alfa Park that will be completed.
The 110 mln euro BPS Alfa Park, located at a 10 min drive from the Sofia International Airport and a 15 min drive from the center of the capital, is part of the Sofia Park project, the biggest property development ever launched in Bulgaria.
BPS Alfa Park, conceived as an extension of the existing Business Park Sofia office and logistics property, will have total built-up area of 152,000 sq m. Half of the space inventory will be office premises with 20% earmarked for residential use. The complex should be completed by the end of 2010.
Sofia Park, which integrates work and living environments, comprises also Residential Park Sofia, Business Park Sofia (managed by Alfa Developments) and a large-scale mall development, among other properties.
Alfa Developments is a subsidiary of Alfa Finance Holding AD, a local holding company with a portfolio of high-profile finance and real estate projects. The Alfa Developments spread includes also Panorama City, a project for a gated residential community in Varna, and the Sofia Central Park serviced residences.
Investor.bg
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