180 million leva to be invested in a mall between Sofia's Lyulin and Filipovtsi

propertywisebulgaria.com, 2007-11-17

     A new retail complex will spring up at the west end of Sofia between the Lyulin and Filipovtsi residential districts.The developer of the project, Commercial Park Sofia Jsc, plans to invest 184 million leva in the West Commercial Centre.
     The compound be built on a 240-decare plot and will have a gross actual area of 76 860 sq m. The development company will be awarded a first-class investment certificate for the project on November 7, Bulgarian Invest Agency reported. Construction will start in March 2008 and completion is due in 2010.
     The new development will create 2 200 jobs. Building works and the activities related to the preparation and launch of the project will engage 250 employees, officers from Commercial Park Sofia Jsc said.
     The company's equity share amounts to 50 000 leva. Kevin Paul Rider is the chairman of the Board of Directors and Philip Trevor Willis is the executive director. The British Winlan Bulgaria Limited owns an 85 per cent stake in Commercial Park Sofia Jsc.
     Lyulin has recently seen the initiation of another retail project, Mega Mall. The investor in the latter is Magnum Bulgaria Gama Ltd, a subsidiary of the Austrian developer company Real 4 You Group.

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