Billa Supermarket Chain Vows to Preserve Emblematic Sofia Building
The German supermarket chain Billa finalized Tuesday the purchase of the emblematic building of the former Sofia movie theater “Iztok” (East) for the price of EUR 1.43 M.
The seller is the investment fund TBIL (Trans Balkan Investment Limited – formerly Equest).
The building, on the Sofia main thoroughfare “Tsarigradsko Shosse,” across from the “Pliska” hotel, has been closed for years and had deteriorated badly.
Upon signing the deal, the Billa management vowed they would not demolish the former movie theatre, but will rather renew the front and preserve its look known to generations of Sofia residents and visitors.
In addition to housing one of the Billa supermarkets, the company is considering other plans for the use of space for entertainment and leisure. The community center, named after prominent Bulgarian writer “Nikolay Haytov” will be kept and renovated by the new owner.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » The Average Salary in Bulgaria is BGN 1,730 (EUR 884) in the Second Quarter of 2022
- » Mayor Fandakova: The Heating Season for Sofia Residents will be Ensured
- » Bulgaria’s Tourism Ministry is launching a large-scale Advertising Campaign to Attract Tourists
- » Germany to Reduce Heating in Public Buildings to 19 Degrees
- » Bulgarian Energy Minister: On October 1, Gas will flow through the Interconnector from Greece
- » Bulgaria's Energy Commission Confirmed the Rise of Natural Gas Prices by 60%