Hungary's Trigránit wins Sofia project

Hungary-based real estate mammoth TriGránit Management Corporation (TGM) announced to have won the full Property Management mandate for South Sofia Ring Mall, a unique project housing various facilities, portfolio.hu reports.

The owners are investing over EUR 120 million in the facility that will sprawl on 172,000 sqm (GBA) on Sofia's newly extended Ring Road. The Malinova Dolina district where South Sofia Ring Mall is being developed is an up-and-coming area where many of the cities expatriate communities live. A number of surrounding developments include high-end residential, office, and leisure buildings.

Neighboring to the ski-lifts of Vitosha Mountain, Sofia Ring Mall is the second phase of a unique project that includes the already operating IKEA, with an additional mixed used development of 54,000 sqm (GLA) and further followed by a residential development of 500 houses. Distributed over three retail levels, the 69,000 sqm (GLA) Sofia Ring Mall will feature a tenant mix of over 200 shops.

The mix includes various fashion and sports stores, wellness facilities, an 11-screen cinema multiplex, and spacious and diverse outdoor and indoor food courts. More than 39,000 sqm (GLA) are dedicated to anchor tenants such as supermarket, DIY store, furniture store, cinema, and home electronics store; additionally around 30,000 sqm (GLA) to fashion brands. The facility will also feature over 3,500 easy-to-access car-parking spaces.