The local subsidiary of Poland ’s Globe Trade Centre (GTC) has acquired a 65% stake in a EUR 77mn project for construction of a mall, located in country’s third largest city of Varna . The trade and office centre will be located on net area of 37,000 square metres and is expected to yield EUR 9.5mn rental income annually. The building will be operational in 2009. GTC partners in two other retail property projects in the country with total area of 60,000 square metres.
Source: Intellinews-Bulgaria Today