Colliers International and Riofisa To Build Two Shopping Centers

Colliers International's unit in Bulgaria and Spanish Riofisa have signed an agreement to built the two biggest shopping centers in the country.

One of them will be situated in Sofia and the other in Plovdiv- the second biggest city in the country.

The project in Sofia will be called Civis Center Sofia and will have some 85,000 sq m of commercial space available for rent. Civis Center Plovdiv will feature 55,000 sq m of commercial space, Colliers said.

Colliers International participates in different property projects in Bulgaria with the total available space for rent running at 500,000 sqm. This makes the company the absolute leader on the Bulgarian market.

The total built-up area of all projects tops 1.2 mln sqm.

With its new projects in Bulgaria Colliers is aiming at offering a broader range of services to customers in the real estate sector.

The company also said it expects the sector to attract more and more clients and investors, which would contribute to improvement of the living standard in Bulgaria.

The two projects are overall the 11th and 12th of that type for Colliers.

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