20 Million Euro Business Center To Built In Sofia

An "A" class business center is going to be constructed in the central part of Sofia. Some days ago the project was presented at the world real estate forum MIPIM in Cannes. Investment companies, final beneficiaries and agencies from Russia, Greece, England, Italy, Belgium and USA have shown interest in it, informed the investors from "Prime Property BG".The business center is with a ground unfold built-up area of 18 650 sq.m and an underground one of 9 370 sq.m. The construction of the building will start this year and is expected to be finished in 2011. The building will be offered for renting. The investment in the business center amounts to 20 million euro.The office areas in the broad center of the Bulgarian capital will preserve their price levels. The reasons for this are the lack of free lots for construction in the center, the insufficient number of luxury business buildings and the convenience of this region for the companies.The offering of office spaces in Sofia is overall big. However, most of the places are concentrated in the city's suburbs.According to research of real estate agencies, the center of Sofia remains preferred location for the companies. The interest in it is formed by companies, whose activities need them to be close both to the institutions and their clients. The office areas in Sofia are still with higher profitability compared to the other EU markets, show a research of "CB Richard Ellis" consultancy company.