The construction of one of the biggest shopping and office centers in Southeastern Europe, the Serdika Center in Sofia, is running at full speed, German developer ECE reported in a press release. More than 90 % of the rental area is already leased out, it added.
The construction of one of the biggest shopping and office centers in Southeastern Europe, the Serdika Center in Sofia, is running at full speed, German developer ECE reported in a press release. More than 90 % of the rental area is already leased out, it added.
Serdika Center comprises more than 51,000 m2 of rental space on three levels and about 35,000 m2 of Class A office space. The shopping center will house approximatley 220 shops of international and Bulgarian brands and will create more than 2,000 new jobs. Serdika Center’s opening is scheduled for spring 2010.
'Despite the current economic situation the construction works are in line with our schedule, which shows the investors’ strength and the unrivalled experience and professionalism of the parties involved,' stated Plamen Iltchev, Managing Director of ECE Bulgaria. Serdika Center is being realized by Sparkassen Immobilien AG, which is listed on the Viennese stock exchange, and ECE Projektmanagement, a European market leader in the field of inner-city shopping centres.
General contractor is the Turkish construction company Kayi. The total investment amounts to EUR 210 mln.
