Construction of Pazardjik shopping mall begins in Bulgaria

Dnevnik a.m.

A four-level retail center with a build area of 5,844 sq m will be operational in Pazardjik, Southern Bulgaria, by the fall of 2009, said Ivo Kolushev, manager of project investor Litos-iBuild.

The 6.5 mln euro development will be funded by the local Investbank.

The retail center will occupy a 1,661 sq m site bought by Litos-iBuild from the Pazardjik municipality. It paid 840,000 levs with taxes.

The ground level of the store will be leased to a Sofia-based supermarket operator, said Kolushev, withholding the name of the company because pen is yet to be put to paper.

The mall will have a total of 120 retail outlets.

The mall management duties go to Petar Dudolenski who is already in charge of similar operations in Sofia, Varna, Plovdiv and Ruse.

The building contractor Build has began preparing the construction site with shoring due to begin soon.