Bulgarian Property Developments (BPD) will invest 12.6 million euro in a new expansive logistics park in the northeastern Bulgarian riverside town of Rousse. Construction of the complex has been launched in the area of Slatina, where BPD secured a large parcel of land, Dnevnik daily reported on November 18 2009.
Although construction is underway, the building process will be officially inaugurated on November 23 by Minister of Regional Development Rossen Plevneliev and the mayor of Rousse, Bozhidar Yotov, BPD said in a media statement. The deal for this particular facility dates back to 2007 when BPD invested 9.068 million euro in the purchase of land in the Rousse industrial park.
The complex will be on a 54 000 sq m parcel, comprising two main warehouse facilities made of 13 680 sq m and 8 300 sq m respectively. Additionally, there will be an administrative centre and office buildings.
The park is posed to act as an economic stimulant in the region and the town of Rousse in particular, creating a "modern infrastructural base for companies and creating work places", Dnevnik daily reported. According to the time schedule, the facility should be complete and open for business by the third quarter of 2010.