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EUR 60 million to be invested in trade park in Bulgaria’s Burgas

Date: 28.08.2007

UK fund European Convergence Development Company Ltd (ECDC) informed that it has signed a preliminary contract with Bulgarian Sienit Holding Ltd for land purchase in the coastal city of Burgas. The terrain will be used for the construction of a mall with supermarkets and trade areas, called Burgas Retail Park, BBJ reports citing Bulgarian online business editions.

The fund will participate in the project with 70%. It will provide a loan of EUR 8.92 million for the project implementation. Burgas Retail Park will cover 60 000 square meters. Its total value would be EUR 60 million. The vonstruction is expected to be completed within 30 months.

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