Fri, Feb 10 2012

Pazardjik Mall construction postponed until 2010

Mon, Feb 02 2009 14:47 CET

byNick Iliev

1351 Views

Litos Ibuilt OOD has delayed construction of the trade complex in the city of Pazardjik by a year, according to town mayor Todor Popov, as quoted by Stroitelstvo Gradut.

The manager of the construction company, Ivo Koloushev, informed him officially by letter that the company would place any further investments on hold in light of the economic crisis and related altered projected costs.

In July 2008, Litos Ibuilt declared that it would invest 6.5 million euro for a new mall in Pazardjik, which was to be completed by the end of 2010.

According to blueprints, the project would encompass a total of 1661 sq m, near the Saint Georgi church in the city centre. The project is a brainchild of Studio 17.5 OOD Sofia, whereas DS build will be entrusted with the foundation construction, with Stroi Control Correct being the consulting company.

The mall will consist of 120 shops, which will be rented out, an entertainment centre, restaurants and boutiques. It will also have an area designated for small children.

The initial investment intentions and the total cost of the project were made by Litos Ibuilt on May 30 2008 when the symbolic first sod was turned.  However, construction has not started at all. The only work accomplished so far is the removal of the old tarmac of the former municipal parking lot with a total area of 1661 sq m, for which the company paid in excess of 840 000 leva.
 

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