Construction On Bulgarias Tallest Building To Begin Soon

ECE Projectmanagement Bulgaria, the Bulgarian arm of German developer ECE, will shortly launch construction on its 40-storey Europe Tower, company manager Plamen Ilchev told Mediapool.bg.

The 180m building, to be erected in Sofia, will be the highest in Bulgaria and is due for completion in 2010. The investor, however, is yet to find a contractor to implement the project.

The building will form part of a large-scale mixed-purpose complex named Europe Park Sofia. Containing office, retail and residential space, it will be built in two phases and on the land of former forklift maker Balkancar Sredets.

ECE Projectmanagement Bulgaria is the lead investor in the 500 million euro complex. Other investors are Advance Properties, Balkancar Sredets and GTM Angel Balevski.

ECE Projectmanagement Bulgaria has been in the development business for 40 years. Its Bulgarian project portfolio, currently valued at 650 million euro, is intended to grow to one billion euro in the next three to five years.

Among its ongoing projects are Serdika Centre, a 210 million euro office-retail complex to be built by 2010, and Cherno More Park, worth 150 million euro.