Jun
04
2008
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04.06.2008 г. |
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The pipeline of office space for 2008-2010 is significant across the region. Office. Office supply in the region experienced significant increase in the second half of 2007. As of the end of 2007 Class A office inventory in Sofia stood at 369 600 sq m, in Bucharest ? 608 200 sq m, and Belgrade ? 244 200 sq m. The segment saw record absorption levels. Exceeding all expectations for 2007, in Sofia it reached 161 000 sq m. Leased and pre-leased space in Bucharest reached 203 800 sq m last year. Demand came from the IT sector, financial institutions and pharmaceutical companies, and was primarily driven by relocations and expansions rather than new market entries.The pipeline of office space for... |
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Jun
04
2008
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04.06.2008 г. |
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High street locations continue to enjoy good demand and retain past rental levels between 50-130 euro a sq m per month in Sofia.In terms of modern retail space, Bulgaria is still relatively under-supplied with an average shopping mall ratio of 15 sq m a 1000 capita. In Sofia this ratio is 60 sq m against 1 000 inhabitants, which is still relatively low. By comparison, the average ratio for Europe is 182 sq m a 1 000 inhabitants and the corresponding figures for Bucharest and Belgrade are 71 sq m and 37 sq m, accordingly.However, the segment is growing fast; in the second half of 2007 seven new shopping malls broke ground. Scheduled deliveries are expected to increase the retail inventory in... |
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Jun
04
2008
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04.06.2008 г. |
A total of 30 000 Romanians visited the Bulgarian resort last year and their number is expected to rise by as much as 30 per cent, officials from the resort"s administration announced. Bulgaria"s coastal resort of Albena is to be officially presented in 18 of the biggest Romanian cities in a bid to attract more tourists, Darik radio reports. The presentations will include tasting of typical Bulgarian meals as well as a win-a-prize lottery. |
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Jun
04
2008
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04.06.2008 г. |
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Prime rents for industrial space in the country remained at levels from the first half of 2007 at 3.8 ? 5.5 a sq m, and are expected to remain stable throughout H1 2008.By the end of 2007 the total inventory of contemporary logistics and industrial large-size projects in Sofia and the region accounted for about 1 200 000 sq m, with only 165 000 sq m of speculative space. Stock remained basically unchanged in the second half of 2007, and a total of approximately 70 000 sq m is currently under construction (of which only 22 500 sq m is speculative) to be delivered in the first half of 2008. Outside the capital, this segment is gaining momentum in Plovdiv where the contemporary inventory of own... |
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Jun
04
2008
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04.06.2008 г. |
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The floorage of the five buildings in the complex would vary from 7 000 to 23 000 sq m. One of them would fall in the skyscraper category with a height of 65 m, chief architect of the complex Ilian Iliev said. Photo: Colliers InternationalEuropean Trade Center, an office complex whose construction is already underway on Tsarigradsko Chaussee in Sofia, would be completed in 2010 and should bring seven per cent return on investment, investors in the project told reporters on June 2, as quoted by Dnevnik daily.The complex would have a total built-up area of 70 000 sq m, making it one of the largest in Bulgaria and comprising a tenth of modern office space currently available on the market, Coll... |
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