MALL VELIKO TARNOVO

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MALL VELIKO TARNOVO

Relevant property and Asset Management initiatives

Support of a successful debt restructuring of the asset and helped with repositioning and updating the tenant mix.

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01

THE OPPORTUNITY

  • Outdated layout on some of the retail floors
  • Decrepit external appearance of the shopping center
  • Expiring leases of some of the major tenants
  • Competitive local market in terms of retail supply

02

THE SOLUTION

  • We proposed, approved and executed a refreshment of the asset’s exterior
  • We successfully extended the leases of anchor tenants, moreover we improved the commercial terms
  • We attracted new retailers in the market
  • We updated layout of two floors and relocated tenants to allow for extension of the leasing area
  • We streamlined communication with the asset owner, enabling faster decision making
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03

THE RESULTS

  • Increased NOI with more than 20%
  • Leased out vacant areas, including the additional leasable area we created. Occupancy exceeded 95%
  • We fortified the position of the center as the primary retail center in the city

MEET OUR PEOPLE

6P0A4638
Michaela Lashova, MRICS
CEO
PA e
Zhoro Angelov
HEAD OF INDUSTRIAL SPACE & LAND DEVELOPMENT
PA e
Jordan Krastev
HEAD OF OFFICE SPACE
PA e
Krasimir Petrov
HEAD OF ASSET & PROPERTY MANAGEMENT SERVICES
PA e
Plamen Bachev, MRICS
PARTNER, HEAD OF VALUATION & ADVISORY
PA e
Yavor Kostov
PARTNER, HEAD OF AGENCY
PA e
Ivo Kolarov
HEAD OF DEBT AND STRUCTURED FINANCE
PA e
Petko Lozanov
HEAD OF PROJECT MANAGEMENT
6P0A4722_1
Nikolay Jelev
HEAD OF RESIDENTIAL SERVICES

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