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Bulgaria's Capital Attracting International Developers

SOFIA, BULGARIA-Los Angeles-based Tishman International Cos. is developing a corporate office and logistics park here over the next two years in partnership with the Germany-based contractor Lindner AG. Earlier this month, a consortium led by GE Commercial Finance Real Estate bought into a major mixed-use development here.

By Brian K. Miller | Updated on October 02, 2005

SOFIA, BULGARIA-Los Angeles-based Tishman International Cos. is developing a 1.1 million-sf business center adjacent the new airport here in a joint venture with contractor Lindner AG of Arnstorf, Germany. To be built out over the next two years, the project includes corporate offices, a logistics center and other business facilities.

The new airport is expected to accommodate up to 2.6 million passengers per year eventually and 1.9 milion initially. In addition, Tishman officials say they chose the project because of its fast-growing economy and forthcoming EU membership, which is expected in 2007. The old airport buildings are expected to be used for charter flights from Europe. The project has been fully supported by the local authority and the municipality, according to Tishman officials.

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