Belgian retail property investor Mitiska REIM has joined forces with Park Lane Developments to develop retail parks in Bulgaria.
Park Lane is a Bulgarian commercial property developer of prime office, logistics/light-industrial, and retail park assets in Bulgaria and the CEE region. The company is part of AG Capital, a commercial and residential investment group operating in Bulgaria, Romania and Poland.
The partnership aims to develop at least five prime retail parks within the next five years. The joint venture has already secured land in Sofia's Hadzhi Dimitar district for their first project, slated to open by the end of 2025.
Located on a main road close to the city center and residential areas, Hadzhi Dimitar will boast over 20 shops, anchored by a Lidl supermarket, and offering a combined retail space of 14,000 square meters. Shoppers can expect a diverse mix of both local and international brands, offering fashion and homeware, in addition to a pharmacy and a food court.
Source: propertyinfo.eu on the 8th of August