Fri, May 25 2012
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There will be Lidl shops in 11 cities, including Sofia, Plovdiv, Varna, Stara Zagora, Pazardzhik, Sliven, Kurdjali, Petrich, Montana, Lovech and Gabrovo
GVA Sollers Solutions estimated prices have shrank by 16.75 per cent, while Cushman & Wakefield pegged the decline at 23 per cent.
Lidl plans to expand further in northern Bulgaria, with outlets planned in Rousse, Vidin and Veliko Turnovo, as well as a large logistical centre near Sofia.
German retailer Lidl will start building a pilot outlet in the city of Lovech, Northern Bulgaria, the company said. Work on a further five outlets will begin by the end of 2008, folowed shortly by the start of construction of five more Lidl stores. The discount-segment retailer hopes to have 10-12 open outlets in Bulgaria by 2010. The company will also invest in a distribution center, the land for which has already been bought,
The local unit of German retailer Lidl has won a competition for a 4892 sq m plot of municipal land in Pazardjik, southern Bulgaria. The company plans for the supermarket to have a built-up area of 1500 sq m and 70 parking spaces. Lidl Bulgaria upped its bid on the plot to 1.722 million leva from the initial offer of 1.5 million leva. The company is to build the supermarket in nine months. As part of the deal, Lidl Bulgaria has undertaken to invest 350 000 leva in renovating the sporting venues of the nearby Hebar complex.
Worst is over for Bulgaria's property market after three years of decline, reports by Yavlena and Bulgarian Properties real estate firms claim.
Draft law envisages professional association for real estate agents and a public register of real estate companies to bring order to the business and get rid of rogues and rip-off artists.
Landmark Centre Varna’s financial reports show its largest debt is an investment loan of 6.9 million euro issued by Eurobank EFG Bulgaria in mid-2008 and secured with a mortgage.
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.
Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.