City Center Sofia

Developer Planning opened City Center Sofia in May 2006, Sofia’s first modern shopping mall, south of the National Palace of Culture at the intersection of Cherni Vrah and Arsenalski boulevards, next to European Union Metro Station. Revetas Capital Advisors’ recovery fund acquired the property in 2014 and spent 2014-2016 on a full renovation and rebrand, officially relaunching it as Park Center Sofia in August 2016 as part of Revetas’s wider, roughly 15-property Park Center portfolio.

At roughly 22,000 sqm of net leasable commercial space within a 44,000-46,000 sqm total built area across six levels, two underground, the property carries more than 100 stores. Technomarket was among the mall’s original anchor hypermarkets at opening, alongside a Billa supermarket; a six-screen, 1,340-seat Cine Grand cinema has anchored entertainment throughout the property’s history. The 2016 renovation relocated escalators from the building’s center toward its sides specifically to redirect foot traffic into previously under-visited zones, opened up the Arsenalski Boulevard facade into a year-round terrace, and expanded the dining zone with new food-and-beverage concepts.

The rebrand cost between €6 million and €8 million on top of a total acquisition-and-renovation investment exceeding €50 million, and repositioned the property specifically around its unique adjacency to Yuzhen Park, marketed as the only Sofia mall directly connected to a city park. Revetas sold the property in February 2025 to TSH Investment, a joint venture between Trinity Capital AD and HUS Invest AD, marking the property’s fourth sale since opening; Trinity Asset Management now handles day-to-day management on the new owners’ behalf.

That repeated ownership turnover, four sales in under two decades, paired with a genuine rebrand rather than simple cosmetic refresh, reflects how Sofia’s oldest mall has had to continuously reposition itself against newer, larger competitors like Paradise Center, Sofia Ring Mall and Serdica Center that the property’s own buyers explicitly cite as the market’s current leaders.