Spain’s Urbas Guadahermosa S.A. and local company Techno Residential Park AD want to invest EUR 400mn in the construction of a multipurpose complex named Five Towers of Sofia near the central railway station. The complex will comprise residential, trade and office areas located on 150,000 square metres of land (total built-up area of 525,000 square metres, 23% of which A-class office areas and 8% trade areas). Construction works will start this year and are scheduled for completion by the end of 2012. Own resources and bank loans will be used for financing of the project. Guadahermosa has already received a EUR 52mn loan from two local banks. The two investors will hold equal shares in the project.
Source: Intellinews-Bulgaria Today