March 20, 2026

Hercesa International Acquires Greenfield Site for Residential Development in Sofia

Hercesa International has acquired a greenfield residential development site in Sofia.

The acquisition paves the way for the construction of approximately 240 residential units.

Hercesa International is a real estate group with over 45 years of experience and an extensive international portfolio spanning Spain, Bulgaria, Portugal, Czechia, Romania, Morocco, Mexico, Panama, and Ecuador. 

Djingov Gouginski Kyutchukov & Velichkov advised Hercesa International on the acquisition (as reported by CEE Legal Matters on December 17, 2025).

Image source: hercesa.ro

Get the memo – every week

Essential real estate market updates, straight to your inbox.

Revetas Capital Breaks Ground on B04 Logistics Building at Sofia Airport Center

The start of construction was marked by a ceremonial groundbreaking event held on Monday, March 16, featuring the traditional Bulgarian “First Sod” ritual and a Vodosvet blessing, underlining the project’s importance for the continued development of Sofia’s logistics and industrial market.

TSH Investment Acquires Mall Plovdiv

The transaction involved the divestment of the existing retail asset together with a framework enabling the planned construction of a new, purpose-built development on the underlying land plot. 

CTP Appoints Ivanka Ivanova as Managing Director for Bulgaria

Ivanova previously worked as Chief Operations Officer and Board Member with Orbico Group, leading supply chain operations in over 20 markets.