The construction of a “Business Park” in Varna should begin by the end of 2005. It will be built on the same basis as the “Business Park” Sofia, the project will be located in the close proximity of Varna airport. The interest of the Shareholders Association building the project is directed to construction on their own ground near Varna because there is not a suitable building for their requirements in the city, also the central part of Varna doesn’t permit this type of construction either, the director of the Shareholders` Association announced.
“Business Park” Varna will be situated on a plot of land of 63 000 sq.m. The project stipulates the construction of 7 to 9 multi-functional buildings each of them with a built-up area of 5000 to 10000 sq.m. Industrial premises and warehouse are provided for construction in the area.
The construction of “Business Park” Varna has caused an increase in agricultural land prices in the Varna airport area, a four-fold price increase occurred after the news of the building was notified, stated the President of the Real Estate Association of Varna. Many investors expressed an interest, not only Bulgarian but also foreign developers perceived the significance of the “Business Park” Varna and want to invest in this area. This will affirm Varna city as a very important business center in Bulgaria and the whole Balkan Peninsula.
