Austrian Investors To Construct 250 Million Leva Mall In Bulgarias Capital

Shopping City West Ltd, a daughter company of Austrian companies Real Finanz, Real Consult and Real Finanz East, and Bulgarian Silvana Forest, will invest 250 million euro in the construction of a mall in the western part of Sofia.

The complex would be called Eurogate and would receive a first class investment certificate, investor.bg reported.

The project would include the construction of offices and shopping areas, Invest Bulgaria Agency said.

The mall would cover an area of 1.3 million sq m and be situated near the E80 highway connecting Sofia and Belgrade.

Trade and office centres would surround the complex, the centre of which would be covered by parks with trees, fountains and small buildings.

The complex would have its own subway station, investors said.

The first part of the investment, scheduled for 2007, totals 82 million leva. In the next two years the companies would invest 82 million leva per year.