Greek fund purchased Carrefour in Sofia for 200 million euro

French retail collossus Carrefour sold its development, which is at present being constructed on Sofia’s Tsarigradsko Chausse Blvd, to Greek fund Assos Capital, for roughly 200 million euro, Alexandros Papageorgiou, the new fund's managing director, told in a statement.
This is the biggest transaction in Bulgaria’s property sector since the begining of the year and second-biggest re-sale in the segment, topped by Landmark’s sale for 210 million euro, but forward of the 180-million deal for Business Park Sofia.
Carrefour’s transaction embraces the land and the purchaser's commitment to invest in the completion of the adjoining commercial centre, which now at its initial constructing phase.
The world’s second-largest retail chain will keep the ownership of the 14 600 sq m hypermarket, situated in the mall. Colliers, the exclusive agent of the retail composite has already secured 70% occupancy. A major stake in renting out the location falls to Carrefour’s partner - Greek company Marinopoulos, which holds the rights to Marks&Spencer and Starbucks for Bulgaria.
The mall spreads over 66 000 sq m, will have 200 shops, restaurants, a multiplex cinema and a bowling centre. Several office constructions, which are not a part of the deal with the Greek fund, will also be share of the compound.
The investment in the retail and office complexes amount to 200 million euro, according to the French executive’s initial valuation, announced last autumn.
This year, in Bourgas will be opened of the first Carrefour hypermarket in Bulgaria. It will be smaller in size than the Sofia one. The project of the French retailer is to open about 20 hypermarkets in Bulgaria.

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