Construction on Mega Mall Lyulin starts

propertywisebulgaria.com, 2009-01-05

     Construction on Mega Mall Lyulin, at the intersection on Blvd Tsaritsa Ioanna and Blvd Dobrinova Skala, has started. Initial work for the mall will focus on building the infrastructure linking it with the metro station, as the construction company is contemplating a direct link between metro station Zapaden Park and the mall's underground parking lot.
     Mega Mall is set to open for business in October 2010, spanning four levels, with a 24 000 sq.m. area available for rent. Last month it was announced that the Slovenian trading company Mercator has signed a contract to rent a total of 3054 sq.m. in the new mall.
     The main investor in Mega Mall Lyulin is the Austrian company for real estate investment Real 4 You Immobilen GmbH, via its daughter company Magnum Bulgaria GAMMA Ltd. The consulting company, which offers parcels for rent in the mall, is Raifaizen Imoti EOOD, and the total investment in the project so far has been estimated at 55 million euro.
     The portfolio of Real 4 You consists of more than 100 projects. These include hypermarkets, trading parks and centres, eight real estate complexes, four office buildings and six hotels valued at a total of more than one billion euro. The company operates in Austria, Croatia, Hungary, Slovakia and Czech Republic and, now, Bulgaria.

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