• Spain-based retail group Inditex has leased over 2,500 sq m in GTC’s Galleria Burgas
• Zara and Bershka will open their first shops in the city of Burgas
• Galleria Burgas is scheduled to open doors in spring 2012
Galleria Burgas is being developed by GTC Bulgaria, the subsidiary of Globe Trade Centre S.A. (GTC), and the European Bank for Reconstruction and Development (EBRD). The mall has attracted Inditex with a lease contract for over 2,500 sq m of retail space.
Top brands from the renowned fashion retail group Inditex, including Zara and Bershka, will occupy a total of 2,505 sq m (1,875 and 630 sq m respectively) in Galleria Burgas.
Galleria Burgas will provide approx. 36,500 sq m of net rentable area and 1,200 parking spaces. The centre will be the first modern object of this type in the south-eastern part of Bulgaria. As was the case with GTC’s other investment in this part of Europe, the project has a great potential to introduce a new model of commerce and entertainment to the market. Bulgaria still has the lowest level of saturation with modern retail space in the whole of the European Union.
Located by the shore of the Black Sea, Burgas is Bulgaria’s fourth biggest city, with over 350,000 citizens. It is an important industrial, cultural and tourism centre. Bulgaria’s biggest international airport is located in Burgas as well.
Galleria Burgas is scheduled to be commissioned in spring 2012.