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Wednesday, April 05, 2006 

Interest in Bulgaria's Office Property on the Rise

International and Bulgarian companies alike are increasingly interested in the purchase of quality office property in Sofia.

The tendency for companies to get office spaces in apartment buildings is becoming less valid. Though the price of property in office buildings tends to be higher, these guarantee various benefits apartment buildings cannot provide, Dnevnik newspaper reported.

Quality office areas in the central part of Sofia are getting fewer. This lower supply produces some new developments. An increasing number of companies look for office spaces alongside major boulevards in other parts of the capital to ensure easy travel and communication.

Some of the more important projects in the sector at the moment include Europark, an office building of the A-type. Most of the property in the building has already been offered for rent.

Additional major projects include the Porsche Centre and Technopark Sofia, located close to the Sofia Airport. The second project envisions the construction of four buildings, with the first one completed in one month.

Two new buildings are currently constructed and will be completed in the autumn of 2006. They belong to Business Park Sofia, the biggest such project on the territory of the capital. Business Park Sofia consists of 19 buildings and additional 11 constructions that are underway.


Source: Sofia Echo


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