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Israeli Retail Giant BIG Acquires Seven Shopping Centers in Bulgaria
Israeli retail group BIG is entering Bulgaria by acquiring seven shopping centers for approximately 223 million euros. The deal includes three operational centers and four under development, totaling 140,000 square meters of leasable space.
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What happened
- 01BIG Group acquired seven Bulgarian shopping centers for approximately 223 million euros.
- 02The deal includes three operational centers and four under development, totaling 140,000 sqm.
- 03BIG expects the acquisition to yield about 16.8 million euros annually.
- 04Bulgaria is BIG's fourth international market after Poland, Serbia, and Montenegro.
- 05The acquisition is part of BIG's expansion strategy in Eastern Europe.
BIG expects the centers to generate about 16.8 million euros in annual net operating income. The move is part of BIG's expansion strategy in Eastern Europe.
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