Delta Real Estate, Delta Holding member company, in cooperation with Bulgarian company AP investments, has finalized its acquisition of the shopping-mall in Varna, on the Black Sea coast.
Varna is the second biggest city in Bulgaria and an important tourist centre.
“Delta Real Estate continues to strategically expand its business. It is with great pleasure that I announce the opening of another construction site in an EU country, in Bulgaria.” – said Zorana Ždrale Burlić, CEO, Delta Real Estate.
This project called Delta Planet and worth 120 million Euros, will be developed together with partner AP investments from Sofia led by two well renown Bulgarian entrepreneurs Angel Angelov and Peter Dudolenski, which have a wide range of investments through real estate developments, healthcare, trade and retail.
The performance of final works on the property with the area of 110.000 m2 will start these days while its opening is planned for May 2018. The works will be performed by Bulgarian contractor Planex.
Shopping-mall Delta Planet in Varna will have 3 floors and 3 underground levels for parking, as well as 12 most modern cinemas and about 160 premises with different purposes. The plan is to bring new world-renowned fashion brands while a special attraction will be the roof-top green garden with a view of Varna and the Black Sea, which will make the property unique in the surroundings.
After the completion of the InterContinental Hotel in Ljubljana, this project is yet another important investment of Delta in EU member-states. Delta is realizing its strategic decision to develop and expand its portfolio of shopping malls and hotels and to be positioned as the leading real estate company in the region.