60 Million Euro To Be Invested In Trade Park In Bulgarias Bourgas

UK fund European Convergence Development Company Ltd (ECDC) announced that it has signed a preliminary contract with Bulgarian Sienit Holding Ltd for land purchase in the coastal city of Bourgas.

The terrain will be used for the construction of a mall with supermarkets and trade areas, called Bourgas Retail Park, investor.bg reported.

The fund will participate in the project with 70 per cent. It will provide a loan of 8.925 million euro for the project implementation.

Bourgas Retail Park will cover 60 000 sq m. Its total value would be 60 million euro.

Construction is expected to be completed within 30 months.

Bourgas Retail Park is ECDC’s fifth project realised together with other partners with which its total investment reached 36 million euro.