New Office, Retail Building To Rise On Tsarigradsko Chaussee In Sofia

Belgian company Ilpa Development will invest 25 million euro in the construction of a combined office and retail building on Tsarigradsko Chaussee in close proximity to the Metro and Technomarket superstores.Arco Real Estate, the company presenting the project on the market, said that the investor was seeking buyers for parts or the entire building. According to website investor.bg, Ilpa Development initially had plans to sell the building off plan. The construction already began and it is expected that the project would be completed by 2010.The Ellipse Center will feature 10 floors with offices of the highest class A and retail spaces spread on 19 000 sq m. Currently, office units, each of which is 908 sq m, are being sold separately, but an entire floor could also find its buyer. The price starts from 1700 euro a sq m.A showroom of 1326 sq m has also been envisioned, along with two levels of underground parking garages with 134 parking spaces. The plan features a bar and a restaurant occupying 1000 sq m.The building itself will be shaped as a ellipse and a bit lopsided, for there will be a five-meter difference in levelling between the first and the last floor. The facade will be constructed with diamond-shaped windows