The real estate investment unit of General Electric (GE Real Estate) joined US property developer Tishman in the project named Sofia Airport Center . The two companies will control equal shares in the EUR 250mn project with total built-up space of 165,000 square metres. The new business site will be located near the new airport terminal in the capital city and will comprise office buildings, logistics facilities, and one hotel. The logistics facilities are expected to be ready by spring next year. GE Real Estate controls also stakes in two big business centres – Mall of Sofia and Mall of Plovdiv located in the capital city and the country’s second largest city respectively. The investments of the company in the country amount to more than EUR 200mn.
Source: Intellinews-Bulgaria Today