Mall Varna, the second mall in the Black Sea city of Varna, will open its doors to customers on June 12 with a fourday grand opening programme, the shopping centre said in a media statement on its website on May 21.It will allow 100 people, picked through a lottery on its website, a sneak preview two days earlier.
Archive for May, 2008
Mall Varna opens doors on June 12
Tuesday, May 20th, 2008Penny Market unveils plans to build hypermarket in Shoumen
Sunday, May 18th, 2008German discount store chain Penny Market announced plans to build a fivemillioneuro hypermarket in the town of Shoumen, company representative Miroslav Boulva told municipal councillors, as quoted by Dnevnik daily.The company plans to buy 4000 sq m in the area of the former commercialindustrial zone in Shoumen, of which 1000 sq m will be used for the building itself and the remainder for the construction of 250 parking places.
UniCredit maps out real estate sector growth trends
Sunday, May 18th, 2008Fast wealth accumulation and the aspiration toward higher living standards will shape demand on the real estate market in Bulgaria, Kristofor Pavlov, chief economist at UniCredit Bulbank, told the Annual Summit of the European Bank for Reconstruction and Development in Kiev, Ukraine.
Lewis Charles Sofia Property Fund sells 10.3 share in Bulgarian project
Friday, May 16th, 2008Lewis Charles Sofia Property Fund announced it would receive 1.89 million euro in gross proceeds from the sale of part of its project in Sofia, Thomson Financial said. Lewis Charles sold 10.3 per cent of the total build area of its project to an unnamed insurance fund, based in Athens, according to investor.bg.Gross revenue from this disposal, the first made by the fund, would be 10.49 million euro, including development costs and profit share, Thomson Financial quoted the company as saying.
Equest divests of former Serdika Hotel
Thursday, May 15th, 2008Days after real estate investment trust Equest Balkan Properties announced that it would sell some of its assets in Bulgaria and other neighbouring countries, it announced that it had sold the former Hotel Serdika to Uniqa Real Estate, the real estate subsidiary of Austrian insurer Uniqa, Dnevnik daily reported on May 15.Equest managing partner Georgi Kroumov confirmed the news but declined to specify the value of the transaction until the deal was finalised.
ABB to build 20M plant in Plovdiv
Thursday, May 15th, 2008Swiss concern ABB gave the goahead to a project to build a 20 million 12.92 million euro plant near Bulgarias second largest city Plovdiv, the concern said in a May 15 statement.The plant will become an internal supplier for ABB, which will manufacture automated components in other factories of the concern.
US travel writer picks Bulgaria as top budget destination
Tuesday, May 13th, 2008Bulgaria was among the top 10 budget destinations for summer vacations in 2008, according to US travel writer Pauline Frommer.Frommers recommendations range quot;from romantic getaway spots to family faves to exotic destinations for adventurous travelers quot;, she said in a media statement.
Morgan Stanley looks into Bulgarian infrastructure projects
Monday, May 12th, 2008The infrastructure unit of international financial group Morgan Stanley is screening opportunities for investment in infrastructure projects in Bulgaria, company sources told Investor.bg on May 12.
Bulgarias seaside in for long summer The Telegraph
Friday, May 9th, 2008Poor infrastructure, polluted beaches, low standards of construction, noisy building sites, poor service and bankruptcies will put Bulgarias Black Sea resorts under pressure this summer, British newspaper The Telegraph reported on May 9.
First Bulgarian hotel chain planning expansion
Thursday, May 8th, 2008Bulgarias first hotel chain Grifid Hotels has announced plans to add at least two other hotels to its existing two, owner Grigor Fidanov said, as quoted by Dnevnik daily on May 9.Currently, the chain comprises Arabela and Bolero fourstar hotels with combined capacity of 1190 beds. Both are in the Golden Sands resort, on Bulgarias northern Black Sea coastline. The company has been in talks to purchase another hotel in the vicinity to create a hotel complex.