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BULGARIA BUSINESS PROPERTY TRANSACTIONS TOP 0,5 BLN EURO IN `06
Over 1.5 bln euro will be invested in the development of business properties in Bulgaria in the next 1-2 years. The top deals for 2006 were the transaction involving office property Business Park Sofia and 3 shopping malls, 2 in Sofia and one in Veliko Tarnovo.
Specialists estimate that the value of transacted business properties - offices, warehouses, production sites, commercial centers, hotels, entertainment venues, holiday vacation villages and land, reached 570 mln euro in 2006 versus 215 mln euro a year earlier.
The spread of shopping mall developments will continue. There will also be an increase in lettings in commercial centers and mixed-used buildings where the ground floor is designated as retail space.
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