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Greek Company Invests EUR 105 M in "Macedonia Tower" in Sofia

Business | August 4, 2008, Monday // 00:00

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Bulgaria Greek Company Invests EUR 105 M in ???Macedonia Tower??? in Sofia: Greek Company Invests EUR 105 M in "Macedonia Tower" in Sofia

The Greek company Icon will invest over EUR 100 M in the construction of Macedonia Tower business center in downtown Sofia. Photo by GEK - TERNA Group

Icon Single Member Ltd, which is a subsidiary of the Greek company GEK - TERNA Group, is going to invest EUR 105 M in the construction of a new business center in Bulgaria's capital.

The center will be named Macedonia Tower because it will be located at Macedonia Square in downtown Sofia, the Bulgarian newspaper Pari reported Monday.

The building will have a total of 31 844 square meters of office space, 4 407 square meters of commercial space, and a parking lot for 400 cars.

The construction of Macedonia Tower is expected to be completed in 2011. Its owners expect to make EUR 8,5 M per year from the office and store rents.

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