Greek developer Terna is to build the 'Hermes Park Sofia' mixed-use complex in Sofia for an investment value of EUR 123 mln. The project will be developed on a 54,000 m[sup]2[/sup] site owned by Carrefour Bulgaria and will consist of five buildings including a shopping and entertainment centre and an office complex. Completion is scheduled for the end of 2009.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
