ADVERTISEMENT

Spain’s Zara lands in Bulgaria

Retail

The Spanish apparel brand Zara has already rented a 1,800 square meter unit in the future Carrefour mall in Sofia, to be located in Tsarigradsko Chausse Blvd.

The retail chain will enter the Bulgarian market directly through its Spanish manufacturer Inditex, David Davidov, manager business space in Colliers consultants, said in an interview with Kapital weekly.

The mall is expected to open in the second half of 2009.

Currently, Zara does not have a store in Bulgaria, but its old collections are sold through the Z Outlet chain of stores in the country.

Carrefour mall, sold to Greek private property fund Assos Capital at the weekend, will also host the first store of large Greek chain Electroniki, specialized in electronics, hi tech and electrical appliances.

The Greek book and music chain Public has already concluded a contract for renting a unit in the commercial centre, which will also house the shops of famous brands like Marks&Spencer, Intersport and Sprider.

However, the cinema halls have not been rented out yet.

Retail units in the mall with areas exceeding 1,000 square meters rent at €20 –€26 a square meter and smaller shops are let at €30-€60 a square meter. Most of the leases are signed for a 10-year period. (Sofia Echo)

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.