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Bulgaria's new largest shopping Mall to be constructed in Varna

Date: 04.12.2008

The new largest shopping mall in Bulgaria - Park Cherno More ("Black Sea Park") - will be built in the city Varna as the ECE Projektmanagement company announced Wednesday it had received a construction permit.

The news was announced by the Pari Daily, which points out that the company based in Hamburg, Germany, had not specified when the construction works would begin, and whether the Austrian investment fund Immoeast was still part of the project as it had been badly hit by the global financial crisis.

The Park Cherno More complex will have a total all-out area of 145 000 square meters, and a parking lot with 1 800 spots.

The lease of 60% of its 175 stores with a total area of 60 000 square meters have already been contracted with retail companies.

Park Cherno More will be located on the Vladislav Varnenchik Blvd in Varna on the spot of the former diesel engine factory VAMO.

Bulgaria's largest shopping mall at present is located in the city of Varna as well. Mall Varna has a total all-out area of 70 000 square meters, and a parking lot with 760 spots.

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