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Varna Towers

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Listing

Location [-]
Address Varna , Bulgaria
State/Province Varna
Country Bulgaria
Property information [-]
Title Varna Towers
Category Shopping: shops & centers
Property type For Sale
Featured Yes
Description Varna Towers is a mix use project in the city of Varna, Bulgaria, and has a distinguishable design with two 70 m towers.

The Shopping center was opened on 25 November 2010.
The Office center will be open in July 2011 The Project has total built-up area (TBA) of 83 000 m2Office center will be open in July 2011. The Project has total built up area (TBA) of 83 000 m2,
which includes:
A shopping mall with gross leasable area (GLA) of 29 000 m2, of which 8 000 m2 entertainment and leisure area (including bowling, kid’s area, dancing studio, ping-pong hall,
spa and fitness center), restaurants (including a panoramic revolving restaurant on the top of) fthe Eastern tower, overlooking the city) and cafes.
Class A offices with GLA of 18 000 m2 office area plus 3 000 m2 leasable parking area.
Parking spaces for 800 cars.
Excellent location – situated at the major crossroad in Varna, the project is within 10 min.
drive to more than 400 000 people. Varna is currently the second largest city in Bulgaria and is
growing to more than 1 Mil. people in the summer with local and foreign tourists. Varna is the
largest city on the sea side and a major cultural, tourist, economic and transport center, with
international airport and seaport.
Helicopter landing pad on the top of the Western tower and revolving panorama restaurant
Varna Towers is a mixed use project offering more than 50 000 m2 of retail and office area in the 
Helicopter landing pad on the top of the Western tower and revolving panorama restaurant
on the top of the Eastern tower.
Minimal market risk – currently, the retail area of Varna Towers is 87% leased, with RODA
food hypermarket, fashion brand names Koton, Collezione, LC Waikiki, Max Sport, Chippolino
kids and Densi electronics are anchor tenants. The office area is 92% leased with large
multinational companies. E.ON Bulgaria signed contract for 75% of the office areas.
No construction risk – the project is finished with some minor finishing works still going in the
offices.
The Developer has retained King Sturge/London (for international retail brands), Colliers
Iil(f ffi ) d G P Sl i (f ll il bd) li second largest city in Bulgaria, Varna 
The Shopping centre was opened on 25 November  2010 Currently 87% of the mall’s GLA is leased; negotiations for the remaining area are running
International (for office area) and Go Property Solutions (for local retail brands) as letting
consultants for the Project’s retail and office areas.
Co-investors in the Project are Densi M Ltd, a well established local developer, and City
Center Varna Ltd. The Investors are owners of equal shares stacks in Varna Towers LTD.

Total viewing 8054
Rate
Property feature [-]
Parking Parking spaces for 800 cars
Number of Floors 0
Amenities [-]
No amenities
Basic information [-]
Units 1
Total size 0
Total area 0

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