Bulgaria's first Class A office building, known as Building A02, located in the Sofia Airport Center (SAC) development, has been topped out, the investors, Tishman International Companies and GE Real Estate Central & Eastern Europe, announced on Monday.

The traditional topping out ceremony, held recently, included the triumphant hoisting of the Bulgarian flag on the building's roof, marking the moment when the highest structural point in the building construction was achieved.

The 17,500-sq.m. office building is the first to be constructed in the Office Center and is slated for completion by the end of 2009.

When fully completed, Sofia Airport Center will include 100,000 sq.m. of Class A offices with underground parking; 22,000 sq.m. of prime logistics space plus 28,000 square, meters of Class B+ offices; and a 250-room, high-end hotel with associated dining, recreational and conference facilities.

Building A02 is designed with H-shaped floor plates that mix open-plan offices with shops, restaurants and other commercial services. Public areas will be accessed via a ground-level entrance.

CO-VER Holding S.r.l., based in Verbania, Italy, is the general contractor for the office center of Sofia Airport Center.

Sofia Airport Center is situated in a prime location immediately adjacent to Sofia International Airport, which is capable of accommodating as many as 2.6 million passengers per year and offers a new international terminal with frequent flights to cities throughout Europe.

The center is approximately five kilometers east of downtown Sofia and minutes from the main road linking Sofia with Varna, Bulgaria's chief international seaport.

The Los Angeles-based Tishman International is active in the United States and Europe in the acquisition, development, management, and financing of commercial real estate. Tishman has acted as a consultant and joint venture partner to some of the world's leading institutions and private investors.

GE Real Estate currently has over EUR 1 B invested in Central and Eastern Europe.

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