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Sat, Feb 11 2012
Construction of 60M euro Capital Ford business centre in Sofia begins
Construction on the tallest building in Sofia, the Capital Ford business centre, was launched on January 29 2010, Dnevnik daily reported on February 1 2010. The construction company in charge of the project is Fort Nox.
The business centre, poised to absorb about 60 million euro in investment, is to be 126m tall or nearly 20m taller than the current highest building in the capital, the four-star Rodina Hotel, which is at the Russian cenotaph in the city centre.
The Capital Ford business centre will consist of two buildings with a total built-up area of 45 000 sq m between them. The taller building will rise 28 storeys, 24 of which will be designated for office space. The smaller one will offer 10 000 sq m of office space, Dnevnik said.
The complex will also boast "an entertainment and recreational area, a fitness centre, a shopping centre, banks, restaurants, pharmacies, a car park with capacity for 680 vehicles as well as underground levels," the report says.
Capital Ford business complex will be on Tsarigradsko Chaussee near Metro Cash & Carry.
"The location is vital; this entire area is becoming the new gateway to Sofia," A & A Architects statement was quoted by Dnevnik.
The business complex is scheduled for completion in three years' time. By then, the Sofia Metro system should have expanded, with the line reaching the Inter Expo Centre expected to be operational.
Source: propertywisebulgaria.
The business centre, poised to absorb about 60 million euro in investment, is to be 126m tall or nearly 20m taller than the current highest building in the capital, the four-star Rodina Hotel, which is at the Russian cenotaph in the city centre.
The Capital Ford business centre will consist of two buildings with a total built-up area of 45 000 sq m between them. The taller building will rise 28 storeys, 24 of which will be designated for office space. The smaller one will offer 10 000 sq m of office space, Dnevnik said.
The complex will also boast "an entertainment and recreational area, a fitness centre, a shopping centre, banks, restaurants, pharmacies, a car park with capacity for 680 vehicles as well as underground levels," the report says.
Capital Ford business complex will be on Tsarigradsko Chaussee near Metro Cash & Carry.
"The location is vital; this entire area is becoming the new gateway to Sofia," A & A Architects statement was quoted by Dnevnik.
The business complex is scheduled for completion in three years' time. By then, the Sofia Metro system should have expanded, with the line reaching the Inter Expo Centre expected to be operational.
Source: propertywisebulgaria.
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That area is going to be amazing 2 or 3 years from now. Nice to see I am not the only idiot building in this market
Isn't this in the same area as the 'Leaning Tower' of Sofia and the still empty 'Ski Slope'? Tenants must be lapping up all the extra space and at such low rents!
A very risky venture in the current real estate market !
would be interesting what business model the investors have? and how they will earn the return on investment in the coming years ?