VARNA
The construction of a new logistics centre has begun near Slunchevo village, in Aksakovo municipality near Varna. The facility will be within a strategic proximity to Hemus Highway and Varna Airport, and will have both industrial and storage functions, occupying a land plot of 6500 sq m. Investor is Izgrev Ltd, a company specialising in the building of industrial and storage complex, while the design is done by architect Kalina Pavlova. The centre will be built by the Varna-based company Sgradostroene Ltd and Strimona Ltd from Petrich.

LAND NEAR SOFIA
The average price of land plots suitable for construction in Sofia’s vicinity has increased between 10 and 15 per cent since the beginning of 2008, Era Izida Properties said. The cost of land in the Roudartsi village near Sofia is between 60 and 70 euro a sq m. Dolni and Gorni Lozen villages provoke great interest because of their traditionally cleaner air and mountainous views, the agency said. In that area, as well as in Bankya and Pancharevo, there are several holiday villages in the works.

BUSINESS CENTRE
Italian company Co-Ver Industrial won the tender for the construction of a business centre near Sofia Airport, Italian news agency Ansa said as quoted by Dnenvik daily. Investors in the development of Sofia Airport Center were Tishman and General Electric Real Estate. The investment was estimated at 250 million Euro. Tishman launched the construction of the first building of the business centre, Marketing Suite, in August 2007. By the end of 2007, General Electric Real Estate joined the project and shared the investment equally.

MALLS
Seven of the 20 mall-type schemes currently under development across the country are located in cities with less than 200 000 residents, Q2 market data of real estate consultants Forton shows. Four of the mall developments in progress are in Rousse with one each in Kazanluk, Gabrovo and Pleven. No less than six mixed-use shopping and entertainment plans have been announced over the last quarter with locations in Sliven, Kazanluk, Stara Zagora, Haskovo, Bourgas and Blagoevgrad. Shopping mall projects are also taking shape in bigger cities like Sofia, Plovdiv, Varna and Stara Zagora. The profusion of mall projects in the major metropolitan areas has sent developers scurrying for opportunities in under-stored cities with 30 000 to 60 000 residents.

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