BALREC REAL ESTATE MARKET CONFERENCE WAS HELD ON NOVEMBER 03, 2022

Over 10 panels and keynote presentations, more than 450 leading experts and leaders in the industry participated. The event provided an opportunity for leading market participants to meet and discuss current trends in the industry. Leading investors, financial institutions, consultants, project managers, law firms and other experts involved in the largest projects and deals in the sector participated in the …

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BALREC REAL ESTATE MARKET CONFERENCE WAS HELD ON NOVEMBER 03, 2022

Over 10 panels and keynote presentations, more than 450 leading experts and leaders in the industry participated. The event provided an opportunity for leading market participants to meet and discuss current trends in the industry. Leading investors, financial institutions, consultants, project managers, law firms and other experts involved in the largest projects and deals in the sector participated in the …

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KAYFLAND BULGARIA ACQUIRED THE CENTRAL HALLI MARKET

In August of this year, “Kayfland Bulgaria” acquired the Central Halli Market for BGN 34.8 million from the Israeli company “Ashstrom”, which has been the owner since the beginning of 2000. Until August 2022, for the last 22 years, Ashstrom has been leasing retail spaces to various retailers, and for the last 4 years, the property management was assigned to …

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OFFICIAL OPENING OF THE NEW RETAIL PARK PARVOMAI PARK

On 02.06.2022, in the town of Parvomai, an official event will take place for the opening of the new shopping center Parvomai Park which is located at 51 Knyaz Boris I Street. The Right Reverend, the Bishop of the Eparchy of Braničevo Pahomiy, who is a lecturer at the Sofia Seminary of St. John of Rila, served a public prayer …

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The lower-class offices in Sofia will have difficulties in finding tenants

The total volume of leased office space in Sofia since the beginning of the year is nearly 108 thousand square meters, and the value of the indicator is close to the average for the last five years. This shows a stabilization of the market and outlines a trend of smooth partial recovery after the crisis of 2020. However, lower-end office …

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Business Properties in Sofia continue to offer the highest returns in CEE

Business properties in Sofia continue to offer the highest returns among major capitals in Central and Eastern Europe (CEE). The highest yield in Bulgaria is from industrial properties – 8.5%. In Bucharest, which ranks second in the ranking, investors in industrial space can expect a return of 7.75%, and in Budapest it is 6%. Sofia is the leader in CEE …

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BalREc Real Estate Market Conference

On October 26, 2021. BalREc real estate market conference was held. The event provided an opportunity for leading market participants to meet and discuss current trends in the industry. Leading investors, financial institutions, consultants, project managers, law firms and other experts involved in the largest projects and deals in the sector participated in the focus panels and sessions of this …

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The pandemic is leading to a boom in demand for warehouse space in Southeast Europe

Logistics and warehousing companies are accelerating their expansion plans in Southeast Europe, where business is expected to grow strongly as the pandemic forces industrial companies to move operations close to major markets. Like other companies in the sector, the Dutch Raben reports increased interest from companies that want to establish supply chains near major markets in Western Europe to avoid …

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The home office and the volatile economy affect office rents

Relocations and renovations dominate rental transactions due to the companies’ desire to consolidate and optimize their spaces. In the first half of the year, 39% of the gross leased space was due to relocations, 37% to contract renewals, 10% to the lease of space at the “under construction” stage and 10% to the expansion of existing companies. Only 4% of …