Sun, Jul 05 2009

Israel's BSR Europe to build mixed-use office, residential complex in Varna

Thu, Aug 28 2008 12:05 CET bydnevnik.bg 54 Views

Israeli firm BSR Europe will build a mixed-use office and residential complex in the city of Varna on the Black Sea, Dnevnik learned from Anet Events, one of the agencies handling the company's public relations in Bulgaria.

The Varna One compound will occupy part on the site of former engines maker Vamo. The remainder of the Vamo site is owned by ECE Projektmanagement, which plans to build a shopping centre on it, which it plans to call Cherno More Park.

Cherno More Park will reportedly offer 54 000 sq m of retail space. According to executive director Plamen Ilchev, ECE Projektmanagement investment will top 150 million euro. The ground for the project will be broken in autumn.

BSR Europe's development will have a footprint of 74 421 sq m, with six Class A office, five residential buildings and two hypermarkets. Varna One is BSR Europe's third project in Bulgaria. It will be implemented in partnership with Luxembourg-registered Edmond de Rothschild Real Estates.

Read the full story on Dnevnik.bg

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