First-Class Shopping Center for 150 M EUR to Appear in Varna

News.bg, 10 Oct. 2007

ECE Projektmanagement, the European market leader for shopping centers, is developing a first-class shopping center in Varna.

With its more than 54,000 sq. m of leasable area, more than 220 high-quality shops, and approx. 2,300 parking lots, the Cherno More Park will create an attractive shopping location in the strongly growing town at the Black Sea coast. The total investment volume of Cherno More Park is 150 mln EUR.

The completion is planned for 2010. Cherno More Park will be located on Vladislav Varnencik Boulevard, one of the most important transport axes of Varna. Several bus lines stop in front of the center.

In view of its good connection to the area's traffic network, Cherno More Park will become the top shopping destination for Varna, the largest port city on the Bulgarian Black Sea Coast and third-largest town of the country.

The main focus of the shopping mall will be on international fashion. Textile department stores, a market for consumer electronics, a hypermarket and a sports store will act as anchor tenants. Several international retail companies have already committed themselves to the project.

Commonly referred to as the marine capital of Bulgaria, Varna is a major tourist destination. Tourism is of foremost importance with the beachfront resorts of Golden Sands, Holiday Club Riviera and others, attracting millions of visitors each year.