French retail giant Carrefour sold its development, which is currently being constructed on Sofia’s Tsarigradsko Chausse Blvd, to Greek fund Assos Capital, for roughly 200 million euro.

The world’s second-largest retail chain will retain the ownership of the 14 600 sq m hypermarket, located in the mall. Colliers, the exclusive agent of the retail compound, has already secured 70 per cent occupancy. A major stake in renting out the establishment falls to Carrefour’s partner - Greek company Marinopoulos, which holds the rights to Marks&Spencer and Starbucks for Bulgaria.

The mall, with a total built-up area of 66 000 sq m, will have 200 shops, restaurants, a multiplex cinema and a bowling centre. Several office buildings, which are not a part of the deal with the Greek fund, will also be part of the compound.

Assos Capital is a private Greek property fund, focused on investment in South Eastern Europe and Ukraine. It was set up at the turn of 2007 with a paid-in capital of about 20 million euro, which subsequently hiked to 40 million euro.