Inner city shopping center developer ECE Projektmanagement would develop a first-class shopping center in Varna, Ukrainian web site www.dah.kiev.ua reported on October 9.

Quoting company sources, the site said the project named Cherno More Park with its more than 54 000 sq m of leasable area, more than 220 high-quality shops, and about 2300 parking lots, would create an attractive shopping location in Varna.

The total investment in Cherno More Park would reach 150 million euro and the park should be completed by 2010. It would be located on Vladislav Varnencki Boulevard, an important road section in Varna.

In Bulgaria, ECE was already working on other two large-scale projects, both in Sofia. The Serdika Center with a leasing area of 50 000 sq m and 35 000 sq m of office space were due to launch in late 2009.

The company was building the Europe Center Sofia, a major part of the Europe Park Sofia, which would emerge in the heart of the city. The shopping center would offer about 70 000 sq m of retail space and thus be the biggest inner city shopping gallery of Sofia.

Another highlight of Europe Park would be the Europe Tower. The 40-storey office tower that would be more than 180 metres high, making it the tallest building in the country. An international contest for the architectural design and urban integration of the Europe Tower was held in June and was won by the German architectural firm HPP Hentrich-Petschnigg & Partner.

Recently the InvestBulgaria Agency awarded Europe Center Sofia with the certificate of a First Class Investment.