About 80% of the area in Grand Mall Varna already rented

24.03.2010

The Investment company Orchid Developments Group Limited has entered into preliminary agreements for lease for 33 thousand square meters of land in Grand Mall Varna, and for other 7 thousand square meters is currently negotiating with potential tenants. This represents about 80% of the total leasing space in shopping centers.

From Orchid, which is listed on London Stock Exchange, saying that the company has full funding for the project through bank loans, as the mall is expected to open in May 2010

Among the key tenants of the center are Carrefour, Zara, Pull & Bear and others.

According to an Estimate of Colliers International, until December 31, 2009 the fair value of the shopping center is 136 million.

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