Tishman International appoints C&W/H&B in Bulgaria (BU)

Tishman International Companies, based in Los Angeles, the US, with its European Headquarters in London, has appointed Cushman & Wakefield Healey & Baker in partnership with its local associate office, Forton International, as marketing consultant and letting agent on its key business park scheme in Bulgaria, Sofia Airport Center.

The proposed business park, with offices and a logistics center, has a projected built-up area of around 115,000 m², and will be constructed over the next two years. It is located about 300 m from the airport's new terminal, designed to accommodate up to 2.6 million passengers a year. The Center will be developed and managed by Tishman Management Company EOOD, part of Tishman International Companies

Julian Edwards, Tishman's European Managing Director, says: "Sofia Airport Center will be the premier corporate office and logistics center in Bulgaria. Our company is very proud to be the first major global developer with such a project in Bulgaria. We firmly believe that Sofia Airport Center will become not only the biggest, but also the most dynamic development of its type in Bulgaria."

In the past couple of years Bulgaria has become increasingly attractive for large international investment projects. With its fast-growing economy and forthcoming EU membership, expected in 2007, the country was chosen by Tishman as the most desirable and attractive place for such a large and exciting project.

Valeri Valtchev, Managing Partner, Forton International, C&W/H&B's Associate Office in Bulgaria, says: "Sofia Airport Center will provide an ideal location, together with modern building specifications, for global corporates looking to either enter or expand in the Bulgarian market, and also the wider Balkan region."

Ferdinand Hlobil, C&W/H&B's Head of Industrial & Logistics in Central Europe,adds: "All eyes are currently on Bulgaria as the frontiers of the European Union shift eastward - and the logistics sector is no exception. Bulgaria is at the gateway to South-Eastern Europe and beyond. It offers a new, domestic market, relatively low costs and an improved infrastructural network."

Source: Cushman & Wakefield Healey & Baker

Related News