A project for an office development comprising five buildings with total area of 70,000 sq m was presented Monday by the investors and the company that will have the exclusive agency contract, Colliers International. The European Trade Center (ETC), conceived by an investment company of the same name that is partially owned by Irish nationals, is emerging as one of the biggest office development ever attempted here.
Each of the five Class A office buildings in the complex will range in area from 7,000 to 23,000 sq m. One of them will be a 65 m high-rise. As it is on the drawing board, ETC, due to come on the market in 2010, already accounts for one tenth of the domestic supply of contemporary office space. Colliers said one of the five office buildings has already been prelet at an average of 14.5 euro/sq m.
The ETC location on the Tsarigradsko Shose boulevard is adjacent to the multi-purpose retail and entertainment center that France’s Carrefour started building and recently sold to Greek Assos Capital. European Trade Center OOD said it would consider selling the office center at some point in the future but not at an early stage of the development.