ZBS, the Sofia-based developer and asset manager, plans to invest up to EUR 200 mln ub developing shopping centres in Bulgaria. The firm is working on its first open-air shopping centre in the city of Bourgas for an investment of EUR 30 mln and is planning developments in Pazardijk and Haskovo. David Coward, managing director of the UK-Bulgarian firm, told website investor.bg that ZBS is considering developing similar malls in other regional centres where there is not a lot of competition.
ZBS, the Sofia-based developer and asset manager, plans to invest up to EUR 200 mln ub developing shopping centres in Bulgaria. The firm is working on its first open-air shopping centre in the city of Bourgas for an investment of EUR 30 mln and is planning developments in Pazardijk and Haskovo. David Coward, managing director of the UK-Bulgarian firm, told website investor.bg that ZBS is considering developing similar malls in other regional centres where there is not a lot of competition.
Coward said that part of the financing for the Bourgas scheme is in place but ZBS will rely on bank financing for 60-65% of the total sum.
