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State-owned property draws record-high bid in Bulgaria's capital

Date: 22.11.2007

A shop on one of Sofia most expensive streets has brought a winning bid of BGN 1 660 000, the highest ever offered in a tender for state-owned property.

The property on Graf Ignatiev street, covering a floorage of 75,94 m2, commanded the whopping price of EUR 11 177/m2.

Commercial property on Graf Ignatiev street commands the second-highest sale prices in the capital, overleaped only by Vitosha Boulevard.

The fashionable boulevard was recently ranked 32nd in a chart of the world's most expensive retail locations for 2007. The average rental level per a square meter for a shop in the fashion street is EUR 1200 per year, Cushman & Wakefield consultants said in their annual research about the main streets in the world.

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