Sofia Building Enterprise AD is to invest at least 71 mln leva in the new commercial complex “Tsarigraski”, the Bulgarian News Agency (BTA) reported.

The mall will be situated on Sofia’s key Tsarigradsko Shousse Blvd. and will be built on an area of 20,000 sq m, said Stefan Enchev, a shareholder in the company, which was awarded a first class investor certificate by the InvestBulgaria Agency.

The future complex will have three levels each occupying an area of 13,000 sq m and will offer 2,300 parking slots, Enchev added. The mall is expected to open gates in 2009.

This is the twelfth project distinguished by the InvestBulgaria Agency this year. The agency is currently reviewing a dozen more project which may be awarded a first class investor certificate.

Enchev said the company will rely on the support of the state and the municipality to build a roundabout on Tsarigradsko Shousse Blvd. and the road fork to Gorublyane, near the mall.