GTC has signed an agreement with IKEA and Bershka to lease retail space in the Mall of Sofia. Moreover, GTC Bulgaria has also contracted with the World Bank for the expansion of office space in the Advance Business Center II office building. These activities testify to good profitability and tenants' interest in the leasing office and retail space even during the pandemic.
IKEA plans to open its new 1,200m² concept store in May 2021. The tenant will move in after the modification of the building, as a result of which, a new office tower, Sofia Tower 2, will appear on top. Bershka will also open in the Mall of Sofia in May and will comprise 800m².
“GTC has a long and successful history in the Bulgarian market. It is strategically important for us to develop our portfolio here and invest further, especially as we see a growing demand for premium class office and retail space. The clients appreciate the perfect location of our projects, well-designed interior, and amenities available inside and outside our investments. But we don’t want to be seen as an investor only. We are doing our best to be a good neighbour and responsible corporate citizen. That is why organize many communities and charity events. For example, now we run a big charity campaign to collect dry food for people in need, in which our tenants actively engage," commented Danny Bercovich, Country Head at GTC Bulgaria.