Fri, Feb 10 2012

City Centre Sofia owner appoints consultants MBL to manage mall

Thu, Apr 09 2009 10:40 CET

byNick Iliev

1718 Views
City Centre Sofia owner appoints consultants MBL to manage mall

Photo: Julia Lazarova

Иnvestment fund Heitman European Property Partners Fund III (HEPP III) has appointed consultancy firm MBL, an associated partner of CB Richard Ellis in Bulgaria, to manage City Centre Sofia mall, which the fund bought in 2008, MBL said in a statement quoted by website investor.bg
 
The previous owner, Equest Balkan Properties, sold the mall to Heitman for 101.5 million euro. The retail centre officially opened for business in May 2006. 

MBL is already managing two office buildings owned by the investment fund. The buildings, known as Enterprise 1 and Enterprise 2 are near the National Palace of Culture (NDK). Among the clients renting space in the office buildings are ING Bank, GlaxoSmithKline and Maersk. CBRE says it manages over 2200 retail and office buildings in Europe, worth over 43 billion euro.

  • Print
  • Send via email
  • Translate to
  • Share:

To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

CB Richard Ellis will increase its investment in Bulgaria

CB Richard Ellis administers expansion in central and eastern Europea with strategic contracts assuring them stronger influence in the real estate markets of Bulgaria, Greece and Romania

Sofia office space market switches to sublet mode

Bulgarian firms sublet the offices they leased to match thinning staff and cut costs in the face of the economic downturn

Sofia will have more than 1M sq m office space in 2008

Sofia's office space market registered another quarter of strong performance at the end of 2007, according to the latest MBL consultancy report. The number of class A and B offices continued to grow, amounting to 784 000 sq m as of the end of fourth quarter of 2007, after a new delivery of 48 350 sq m office areas, all of them in suburban areas, according to research from MBL.

More in this category

Raiffeisen Real Estate: Prices of Sofia homes returned to 2007 levels

Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.

Most property sales in Bulgaria were people wanting to escape their investment – report

Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.

Bulgarian property market: Home finance easier, media report says

Nearly all banks are ready to finance between 80 per cent and 90 per cent of the price of a home, provided it is a good building in a large city, Bulgarian daily says.

Bulgarian property prices ‘have hit bottom’ brokers say – report

Property prices in Bulgaria were five to 10 per cent lower in 2011 than in 2010, while initial estimates for this year are that they will remain largely unchanged, with transactions remaining at ‘crisis levels’.

Budapest, Skopje at top among ‘Europe’s top 20 places to invest in property’

Bulgaria’s capital city Sofia ranks 17th, report says, quoting Global Property Guide.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.