FT: Sofia Airport District is Quickly Growing

Business | October 11, 2007, Thursday // 00:00

The district around the Sofia Airport is set for rapid development as Sofia expands to meet demand for high-quality office space and commercial premises, reads an article in the Thursday edition of Financial Times.

Because the city lacks a central business district with easy access, adequate parking and modern office facilities, international companies as well as medium-sized and large Bulgarian enterprises have opted to move to the suburbs.

Two high-profile foreign projects are intended to transform the airport district, five kilometres from the centre of the capital, into a fully-fledged business hub.
The EUR 250 M Sofia Airport Centre is Tishman International's biggest development in Bulgaria to date. The US-based group is building a landscaped business park on a 165,000 sq m site that will include offices, logistics space and a 250-room hotel.

Mirea, the local subsidiary of Alliance Realty Group, plans to develop Sofia Airport City - a 50,000 sq m complex of warehouses and showrooms topped by an 18-floor office block.

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