The agreement for the project, which amounts to a total of 220 million euro, has been already signed

UniCredit Bulbank, together with UniCredit Bank Austria, will finance the construction of one of the biggest and most modern business and shopping complexes in Sofia – “Bulgaria Mall”, which will be located at the cross-road of Bulgaria Blvd. and Todor Kableshkov Blvd. The contract was signed on the 3rd of October at an official ceremony in the Headquarters of UniCredit Bulbank. The total amount of the project, which started in July, is 220 million euro.

The funding negotiations with the investors LSProperty and Salamanca Capital started in the beginning of the year. UniCredit Bulbank has been chosen in a competition with a few banks, dealing on the Bulgarian market. “We are pleased to finance this project. Our confidence, that “Bulgaria Mall” will be one of the most successful trade-entertainment centre in the capital is a consequence of the investor’s excellent record as well as of the results of our researches, which show perfect combination of the location in the prestigious area and attractive interior design”, says Martin Gikov, Senior Manager “Real Estate Finance” at UniCredit Bulbank. Indeed, according to the investor’s information, for the larger number of the premises there are inquires by tenants – Bulgarian as well as well-known international companies.

“Bulgaria Mall” will spread on 63 000 sq.m., on the 33 000 sq.m. will be placed a trade center. The other 30 000 sq.m. of the area of the complex will be offices. The trade center of “Bulgaria Mall” will be opened on Christmas 2010, the office part is planned to be ready in the summer 2011. There are 1200 parking lots designed as well.

„ We are glad to implement our ambitious project in partnership with the largest bank in the country”, says on the signing ceremony Michael Mac Iver, Financial director of LSProperty.

UniCredit Bulbank is the largest Bulgarian Bank and is the first financial institution in the country with the assets of over BGN 10 billion as of mid 2008. The bank has the highest credit rating BBB+ by the rating agency Standard & Poor’s. The bank’s rating is equal to the rating of Bulgaria and was confirmed in the end of the September 2008. The Bank is a leader in the investment and corporate banking and has strong positions in retail banking.