October 11, 2017, Plovdiv
Galaxy Investment Group participated in the largest exhibition for real estate and investments in Europe – Expo Real 2017 for the fourth time. The event was held from October 4-6, 2017 in the city of Munich.
The most discussed assets during the exhibition were office projects, hotels and industrial properties. The office market over the last years is driven mainly by IT and BPO industries and their growth along with positive attitudes of the representatives of the industry provides a stable base in this segment for the next years. The secondary locations like the city of Plovdiv are appreciated positively too. Office Park Plovdiv was perceived as an excellent investment opportunity located in dynamic and fast-growing market, preferred investment destination of high-tech and BPO sectors. Sofia Business Tower was characterized as a good opportunity for entry into the office market by foreign institutional investors looking for major projects on top location for business buildings such as Tsarigradsko shose.
Тhere was a strong interest towards hotel assets too.
„The real estate market in Bulgarian capital has been extremely dynamic over the last 2 years dominated by Bulgarian participants with regards both to property and management.
Despite the limited share of international hotel brands in the country there is an interest shown by them for opening of new hotels and for banding of existing ones”’ commented Konstantin Boyadzhiev, CEO of Galaxy Investment Group. According to him this is due to the acceleration of the urban tourism in the city of Sofia, and the catalyst of this process is the expansion of low-cost airlines form one side, and the fact that the Bulgarian capital is gaining popularity as a desirable weekend getaway destination from the other side.
“I expect the development trend of the hotel industry to remain, which will make the business more profitable and will lead to more international players entering it” commented Boyadzhiev.
Expo Real is the Europe’s largest real estate and investment exhibition in Europe. On an area of 64 000 m², 1 800 exhibitors and 39 000 participants from whole spectrum of the real estate business were presented: investors, financiers, designers, and project managers, architects, representatives of cities and economic regions.