Investment Record in the Commercial Real Estate in Sofia in 2017

Thursday, 31 August 2017

According to Forton – a premium commercial real estate advisory company and an Affiliate Partner of Cushman & Wakefield in Bulgaria, in 2017 there will be an investment record in commercial real estate in Sofia. Only in the first 8 months of 2017 the ownership of 5 major shopping centers was or was in the process of being changed and transactions for more than EUR 400 million were made. If all of them are finalized the total value of the transactions in the retail segment will exceed EUR 520 million and on the whole market - EUR 900 million.

Bulgaria is no exception to the general trend in Central and Eastern Europe, where shopping center acquisitions are the most powerful engine of the investment markets this year. The reason behind the increased investor interest in Sofia is the growth of the economy and consumption which leads to a higher turnover of the traders and thus of rents. The growth of the number of tourists also contributes to a higher turnover of the traders. Sofia is an increasingly popular shopping destination with its 10 major shopping centers, over 52 outlet centers and several shopping streets.