Official Opening of Logistics Park Varna in Bulgaria

Sofia, Bulgaria, July 11, 2008 --(PR.com)-- This is the first operational building in the complex, offering high-quality contemporary warehouses, administrative offices and retail space.

Building A1 in Logistics Park Varna is of mixed type - warehouse and office. It has a footprint of 5,114 m2 and TBA of 6,405 m2 (incl. 5,060 m2 of warehouses, 385 m2 of retail space and 960 m2 of office areas) and is located in the southeast part of LPV. Among the first tenants of Logistics Park Varna are international and Bulgarian companies, operating in a wide range of industries such as pharmaceutical, food distribution, spedition services, and more.

Located in the Western Industrial Zone in Varna on the Black Sea coast, Logistics Park Varna has a total build-up area of more than 120,000 m2, including high-quality warehouse space, administrative offices, and wholesale outlets. Logistics Park Varna provides ready-to-use warehousing space for rent. All buildings are professionally planned for maximum flexibility and facilitated expansion. In addition to standard warehouse space, Logistics Park Varna will provide specialized premises, including cold store and optional cross-docking facilities.

The investor of Logistics Park Varna is FairPlay Commercial, one of the leading investment and construction companies. The exclusive real estate consultant of the project is Colliers International, a market leader in the real estate services sector.

"We are convinced that Logistics Park Varna is a landmark project for the city of Varna due to its innovative concept and the high standards it will introduce," said Mario Zahariev, Chairman of the Board of Directors of FairPlay Commercial. He emphasized that LPV is a project that benefits from Varna’s strategic advantage of providing sea, air and land transport accessibility.

"Logistics Park Varna is a totally new type of real estate project in the industrial segment in Bulgaria. The combination of flexible warehousing solutions, contemporary facilities and ample amenities create an excellent business environment for logistics and transportation companies, as well as for retailers and distributors," added Atanas Garov, Managing Director of Colliers International in Bulgaria.

Colliers International is a worldwide affiliation of independently owned and operated companies with more than 290 offices in over 60 countries. Worldwide Colliers manages 80 million m2 and has 11,000 highly qualified professionals. The company has been active in Bulgaria since 1991 and has become the unquestionable market leader in providing comprehensive real estate services. Currently Colliers Bulgaria represents some of the most innovative and professionally planned projects in all segments of the real estate industry, including offices and business parks, retail, logistics and industrial, residential and holiday homes.

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