Office building in Sofia Tech Park

In the second half of 2017, BREF has won the tender carried out by Sofia Tech Park for the selection of preferred bidder for a construction right in Zone 2 of the development plan of the Sofia Tech Park. Under the agreement, the total purchase price for the construction right acquisition is 9,652,000 BGN (4,934,989 EUR).

According to the final agreement, the Company acquired the right to build a multifunctional administrative-service building with a built area of 4,395 sq.m., total built-up area of up to 35,000 sq.m., an underground parking on two levels with a total built-up area of up to 16,000 sq.m., and an area of land on which the granted construction right is realized, which is 8,140 sq.m. the Company is obliged to complete the building construction within 5 years from the date of the final agreement for the acquisition of the construction right.

After the acquisition, the Company has started to prepare the design of the new building.