Sofia Tech Park gets 3 bids for office building construction, operation … – SeeNews

SOFIA (Bulgaria), May 29 (SeeNews) Bulgarian state-owned Sofia Tech Park has said that three companies have placed bids in a tender for a contract to build and operate an office building on its territory.

Blue-chip real estate investment trust (REIT) Bulgarian Real Estate Fund [BUL:5BU] has offered to pay 9.6 million levs ($5.5 million/4.9 million euro) for the contract, the highest price among the three offers, Sofia Tech Park said in a statement on Friday.

The other two offers have been submitted by Sofia-based Delta Capital Real Estate and Armada Realty Invest, a wholly-owned subsidiary of Armada Capital. The two companies have offered to pay 9 million levs and 8.3 million levs, respectively.

The minimum price for acquiring the right to build was set at 7.5 million levs.

The building will have a total area of 35,000 sq m and a two-level underground parking space. Construction works will have to be completed within five years.

At least 30% of the future occupants of the building should be high-tech and medium-high-tech companies, operating in the fields of renewable energy, IT and life sciences, according to the statement.

(1 euro = 1.95583 levs)

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Sofia Tech Park gets 3 bids for office building construction, operation ... - SeeNews