Mall Varna Sold In A 120 Mln Euros Deal

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Fortune International is selling Mall Varna to the Scottish Miller Developments, a unit of Miller Group, which is the biggest private holding in the field of construction and real estate development in Great Britain. The price tag is 120 mln euros, Fortune International told the media.

The procedures took more than a year. Consultants and representatives of the London-based Cushman& Wakefield were also involved.

Mall Varna is the first modern shopping center in Varna. Construction began more than a year ago. The total built-up area of the center is 70,000 sqm, of which 32,000 sqm is commercial area available for rent.

The shopping center will welcome its first customers in six months time, according to expectations.

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