Kayi To Build Serdika Centre

Turkish developer Kayi was named as the main contractor of Serdika Centre commercial and business complex, Investor.bg reported. The site cited a news release from Sparkassen Immobilien AG, the real estate investment trust of Erste Bank, and the German investor and developer ECE Projekmanagement Bulgaria, the two investors in the project.

Kayi is expected to hand the project over by 2010.

ECE Projektmanagement and Kayi have already established a record of partnership, having jointly completed projects in other countries such as Lithuania.

Currently, the centre, worth 210 million euro, is only at the digging-works phase. It will comprise 51 000 sq m of commercial area, about 200 luxury shops and 35 000 sq m of offices.

Investors already have tenants for nearly 70 per cent of the lettable space.propertywisebulgaria.com