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IT sector, shared services centres drive office demand in Bulgaria in H1 - Forton

IT sector, shared services centres drive office demand in Bulgaria in H1 - Forton Source: CBRE

SOFIA (Bulgaria), August 6 (SeeNews) - The IT sector along with shared services centres and restructuring of businesses, were the main drivers of demand for office space in Bulgaria in the first six months of the year, Forton, a strategic partner of Cushman&Wakefield for Bulgaria and Macedonia said on Monday.

Deals for up to 150,000 sq m of office space are expected to be closed in 2018 on the Bulgarian market, Forton said in a statement.

By the end of the first half of the year, deals for a total of 66,982 sq m of office space were closed on the Bulgarian market.

Office buildings with a total area of 334,000 sq m are currently in construction, as 166,000 sq m of them  are expected to be completed by the end of 2018, or the beginning of 2019.

In the first half of 2018, investment deals for about 220 million euro (254.3 million) were closed on the market.

The largest deal for the period was the acquisition of Sofia's Megapark by Lion's Head Investments.

Megapark is a joint venture project of Austrian real estate property developer and manager ROBUL and Austrian property investment companies Universale International Realitaten and CA Immo.

($= 0.86504 euro)
 

 

 

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