
Varna’s Mayor Kiril Yordanov and Krasimir Uzunov, Executive Director of Mall Varna cut the ribbon and officially opened the biggest shopping centre in Bulgaria in mid June.
The official ceremony began at 11 am in the presence of Varna’s Deputy Regional Governor, the Chair of Varna’s Municipal Council and many Varna residents. His Highness, Right Reverend of Varna and Veliki Preslav Kiril consecrated the newest and most modern commercial and shopping complex in Bulgaria.
Varna’s Mayor stated that the quick construction of the Mall on two of Varna’s major thoroughfares and the upcoming opening of the expanded “Hristo Smirnenski” Boulevard was a prime example of good collaboration between private business and the municipal administration of the city.
The parking area with 800 parking spaces was able to accommodate the many Varna residents who came to see their city’s newest attraction.
Mall Varna has a total built-up area of 70 000 square meters, including 33 000 square meters of commercial space. Its 150 stores have already been contracted for the maximum period of ten years. Brands such as New Yorker, Camper and Burger King will be represented for the first time in Bulgaria.
The mall in Bulgaria’s Sea Capital will also have a children’s center named Capella Play, an ice skating facility called Avangard Ice, Excalibur Bowling, pool, as well as the first “Arena” movie theater in the city with 1300 thousand seats over eight movie theaters and a 3D cinema.
The facade of the five-storey building of Mall Varna will be illuminated by a unique light show changing color every thirty minutes.
Mall Varna was constructed by the Bulgarian Interservice Uzunovi Jsc. In the fall of 2007 it was bought by the Scottish company, Miller Developments, a subsidiary of Miller Group.
The price of EUR 120 M was a record for the purchase of a commercial centre in Bulgaria. This is also the second largest real estate deal in the history of the country.
The willingness of foreign firms to invest in the area bodes well for land and property values in Varna and serves as further proof of the rapid and ongoing development of the region.