Foreign investors plan to build five retail parks in Bulgaria in 5 years

Foreign investors plan to build five retail parks in Bulgaria in 5 years

Bulgaria

Park Lane Developments and Mitiska REIM have announced the formation of a joint venture to develop retail parks in Bulgaria, a PR agency reported, CE Report quotes BTA.

The two companies' initial plan is to develop and open five retail parks over the next five years.

Mitiska REIM is a European investor in commercial real estate and is entering the Bulgarian market for the first time. Park Lane Developments, which specialises in the development and management of prime commercial property in Central and Eastern Europe, is taking over the operational management of the business in Bulgaria.

For additional information, please follow the link.

Related articles

Bulgaria Faces Water Crisis Amid Drought Concerns
A parliamentary hearing was held Thursday to address Bulgaria's looming water crisis, driven by low rainfall and unfavorable drought forecasts for 2025.
No-Confidence Vote Against Zhelyazkov Fails
The Bulgarian government, led by Prime Minister Rosen Zhelyazkov, survived a no-confidence vote on Thursday regarding its foreign policy.
"Like Boiling Ice" Exhibition by Francesco Ciccolella
Austrian artist Francesco Ciccolella will unveil his first exhibition in Sofia, Like Boiling Ice, at the Lobster Gallery in the L44 creative hub on Thursday, April 3.
King Abdullah II to Visit Bulgaria for Talks
At the invitation of President Rumen Radev, King Abdullah II of Jordan will visit Bulgaria for official talks aimed at enhancing cooperation in areas such as economy, defence, education, agriculture, and tourism, as well as addressing international security concerns.
Bikov Urges CC-DB to Reject No-Confidence Motion
After the Continue the Change – Democratic Bulgaria (CC-DB) parliamentary group walked out of Wednesday's National Assembly debate, signaling their intent to stay out of the no-confidence vote, Toma Bikov, MP of GERB-UDF, called for their return to vote against the motion.
BGN 1.9 Billion Deficit Expected by March 2025
The Finance Ministry forecasts a budget deficit of BGN 1.9 billion (0.9% of GDP) by the end of March 2025, based on preliminary data.
19th White Stork Festival in Belozem
The 19th White Stork Festival will take place in Belozem on May 17, starting at 10 a.m. at White Stork Park, announced Elena Uzunova, Secretary of the Prosveta 1909 National Community Centre.
Chambao to Perform at Vratsa Festival
Spanish flamenco chill group Chambao will perform at the Festival of Spanish Culture and Music in Vratsa on June 27, as announced by the Vratsa Municipality on their official Facebook page.
Direct Flight from Abu Dhabi Lands in Varna
The first direct flight from Abu Dhabi landed at Varna Airport on Monday, bringing 183 passengers aboard a Wiz Air plane.
Fourth International SMR Conference in Sofia
The Bulgarian Energy & Mining Forum and the Canadian Chamber of Commerce in Bulgaria are hosting the Fourth International Nuclear Conference on Small Modular Reactors (SMRs) on April 10-11 in Sofia.
Bulgarian and French Diplomats Hold Talks
On March 27, Ivan Kondov, the Permanent Secretary of the Bulgarian Foreign Ministry, met with Vincent Guérend, Director for European Affairs at the French Ministry for Europe and Foreign Affairs.
Exhibition Explores Design and Art Boundaries
The exhibition Design versus Contemporary Art will take place at Doza Gallery in Sofia from April 7 to 12.