Riofisa, the Spanish shopping centre developer, is to invest EUR 215 mln in the company's 2nd shopping and entertainment project in Bulgaria. The 90,000 m[sup]2[/sup] centre with 2,600 parking spaces will be built in Bulgaria's second city Plovdiv, as part of a large development which includes a hotel, offices and a residential area. Riofisa forecasts the centre will generate EUR 20 mln in its first year, purely from the rental of the retail units. It did not give a figure for the expected income from the residential and office space. Construction work is due to begin in 2007 and the first phase should be completed in 2009.
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