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Varna Towers to Invest BGN 85 M in Bulgarian Mall
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Bulgarian firm Varna Towers plans to invest BGN 85 M in a mall in the seaside city of Varna, Bulgaria's investment agency BAI said on Friday.
The agency plans to award the project as a class A investment certificate on Wednesday.
Varna Towers mall draws its name from the twin 12-storey buildings, which will feature 12,000 square meters of office space and 500 parking spaces on three underground levels in addition to 52,000 square meters of commercial and entertainment space.
The project is the fifth of its kind in the city, but has a better location than its competitors, on the Vladislav Varnenchik Boulevard in the city's downtown.
Initial plans include also a helicopter landing pad and a pool on the roofs of the two towers.
The investors have secured the necessary building permits and plan to begin construction work next month. The mall is expected to be completed within two years.
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