Europa Capital has secured two new international retailers at the Mall of Sofia shopping centre in the Bulgarian capital, Sofia. Global fashion brand H&M has chosen Mall of Sofia to open two new stores, and, for the first time since the retailer entered the Bulgarian market, has chosen one location for two separate stores. One store of 700 sq. metres will offer exclusively children’s fashion while the second, a two level store of 1,500 sq. metres, offers H&M’s collections for men, women and teenagers.
The opening of these two H&M stores follows the successful reconfiguration of the lower ground level of the shopping centre, creating a new 300 sq. metre unit for international retailer Drogerie Markt to complement the existing Piccadilly supermarket and relocated electronics anchor Technomarket.
Mall of Sofia is located in central Sofia at the junction of Al. Stamboliiski Boulevard and Gen. M.D. Skobolev Street. Existing tenants include Esprit, Terranova, Calliope, Benetton, Cinema City, Macdonalds and KFC.
The shopping centre, which opened in 2006, was purchased by Europa Capital in August 2011 in a 50:50 joint venture between the Europa Emerging Europe Fund and Europa Fund III. The asset is managed by Avestus Capital Partners.
Tim Norman, chairman of the Europa Emerging Europe Fund, said: “We are pleased to welcome both H&M and Drogerie Markt to Mall of Sofia. Attracting recognised international retailers to Mall of Sofia is a key objective of our business plan due to its strong location and these new lettings demonstrate Mall of Sofia’s resilience as a retail destination. We continue to invest in the asset and work with our managers and tenants to build upon the attractiveness of Mall of Sofia as a retail destination of choice for consumers.”
For further information please contact:
Gordon Simpson/Charlotte Whitley, RLM Finsbury: +44 20 7251 3801
About Europa Capital:
Europa Capital is an established real estate fund management group operating across Europe adding value through risk-based acquisition strategies and active asset management on behalf of its investors.
Since 1995, Europa Capital’s Principals have collectively raised 7 real estate funds and committed to over 75 transactions totalling some €7.0 billion across 18 European countries.
The Europa Funds benefit from Europa Capital’s established network of partners across Europe who co-invest in acquisitions made by the Europa Funds. These country and joint venture partner relationships in some cases extend back more than 20 years.
Further information can be found at www.europacapital.com.
Europa Capital is a member of The Rockefeller Group (“”RGI””). RGI is a strategic investor alongside Management.
Europa Capital Partners LLP and Europa Capital LLP are authorised and regulated by the Financial Conduct Authority.