•    H&M has leased retail space in GTC’s Galleria Burgas
•    The mall is scheduled to open in spring 2012

GTC Bulgaria, the subsidiary of Globe Trade Centre S.A. (GTC), co-owner and manager of Galleria Burgas, has signed  a significant lease contract with H&M.

Renowned Swedish fashion retailer will open its first shop in Southern Bulgaria in Galleria Burgas.  The store’s area cannot be revealed pursuant to the provisions of the lease agreement.

Galleria Burgas will provide approx. 35,000 sq m of net rentable area and 1,200 parking spaces. It is scheduled to be commissioned in spring 2012. The centre will be the first modern object of this type in the Southern part of Bulgaria, as well as the first LEED certified retail object in the country. 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 has the lowest level of saturation with modern retail space in the whole of the European Union.

Besides adding H&M, a world’s fashion leader, Galleria Burgas has attracted other popular brands. In last few months GTC has signed lease agreements with: Inditex group (Zara and Bershka), Cinema City multiplex with 10 halls, Carrefour supermarket, Pure Fitness, Subway, Deichmann and Seven Hill.

Located by the shore of the Black Sea, Burgas is Bulgaria’s fourth biggest city, with over 215,000 citizens. It is an important industrial, cultural and tourism centre with over 1 million tourists visiting city on a yearly basis.

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