Bulgarian coastal city of Varna to get first shopping mall end-'07

Interservice Uzunovi, the Bulgarian home appliance and consumer electronics retailer, will invest 30 mln euro in a shopping center in Varna which will be the coastal city's first Western-style mall development, said company owner Krasimir Uzunov. The developer is in talks with several foreign investment funds interested in buying the mall. The project is loan-financed by Raiffeisenbank. The construction of the mall, designed by British architects Chapman Taylor, should begin in a month with hand-over seen by late 2007. The 60,000 sq m Mall Varna will occupy a 16,500 sq m site near the future outlet of German food retailer Kaufland. Lettable premises will total 27,000 sq m. The complex will have a two-level underground parking lot for 700 cars. Forton, the commercial property advisers, has the exclusive seller agency rights. Property fund Orchid Developments also plans to build a shopping mall in Varna in proximity to the Interservice Uzunovi development and has said construction will get underway in 2007. The cost of the 70,000 sq m development is seen at 70 mln euro.

Comments on The first Shopping Mall in Varna (1)

• Dr. Gioele Baldari from Italy
  Sent on 10 January 2007

  Personally I am very glad that in Varna by the end of 2007 there will be a Mall. As international broker, I would like to have information about the possibility to reserve a location of 80 to 130 square mt. for an italian coffee shop. Looking forward to hearing from you, I send my best wishes and greetings. Dr. Gioele Baldari

  • Did you find this review helpful?
  • 0 Yes
  • 0 No

Please, post a comment on The first Shopping Mall in Varna.

We will greatly appreciate this. It will help us improve the content of this website, so other people know what they can expect.

?

Please fill in the code from the picture

* I understand and agree with the General Terms. I agree my personal details to be stored and processed in accordance to Privacy Policy.