CA Immo set to develop EUR 100m Sofia project

CA Immo International is planning to invest about EUR 96 mln in the Megapark development project located in Sofia. The scheme, to be developed in two phases, will comprise a 40,000 m[sup]2[/sup] office space and some 3,600 m[sup]2[/sup] of retail after the first phase is completed by end-2009. This project is expected to raise Ca Immo's Bulgarian portfolio to some 54,000 m2, or about 23% of CA Immo's Southeastern Europe portfolio.

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