Revetas Group has successfully sold Park Center Sofia to TSH Investment, enhancing its value through strategic management over its ownership period.

Information on the Target

Park Center Sofia, located in Bulgaria, is recognized as Sofia's first modern shopping center, having opened its doors in 2006. It features a total Gross Leasable Area (GLA) of 22,000 sqm, distributed over two underground and four above-ground levels. Strategically situated at the busy intersection of Arsenalski and Cherni Vryh boulevards in downtown Sofia, the center has cultivated a diverse selection of both local and international retailers, providing a vibrant shopping experience that draws significant foot traffic.

Throughout its operational history, Park Center Sofia has become a vital part of the community, consistently adapting to market trends and consumer preferences to maintain its attractiveness as a premier retail destination. The shopping center has benefited from strategic management and has evolved to meet the complexities of the retail environment in Sofia.

Industry Overview in Bulgaria

In recent years, the retail sector in Bulgaria has witnessed significant transformations, driven primarily by changing consumer behaviors, economic fluctuations, and increasing competition from e-commerce. The economic recovery following the Glo