By the end of 2017 the construction of the Ellipse Center will be completed – the distinctive elliptical shaped building is located on “Tsarigradsko shose” blvd. Its construction started in 2008 and was frozen in 2010 at the stage of Act 14, due to the global economic crisis. At the end of 2017, the investor resumed construction due to the positive trends at the office market in Sofia.
The opening of the building will add another 18 763 square meters of business space to the business map of Sofia. Out of them, 13,785 sq. m. are leasable class A office areas, distributed in the low and high body of the building. “Ellipse Center” has a total of 15 floors – 13 overground and 2 underground. A restaurant and office space of 1526 sq. m. are planned at the ground floor. The remaining floors are almost identical, with an area of 932 sq. m. and each allows flexible distribution as a single office or up to 4 separate ones. The building has 134 parking places and additional 20 for guests on the ground floor. A bike park and a charging station for electric cars are also provided.
The investment in “Ellipse Center” amounts to EUR 22 million, the building and the land are owned by “Ilpa Development” EOOD and the construction of the building is the leading project of the company. Among the main advantages of the new office center are the flexibility in the layout of the floor areas and the excellent location: there is quick access to the downtown, airport and nearby districts both by public and private transport. The building is next to Capital Fort and Inter Expo Center – in the emerging technological center of the capital city. The building is conceived as a high energy efficient construction; it has a stand-by diesel generator, a decentralized heating and cooling scheme with individual temperature control, lots of green areas, loggias on each floor, a full-window design providing an amazing view in all directions and excellent natural light for the offices.
At the moment the demand for Class A office space exceeds the supply and the trend of expansion of existing tech companies, as well as the entry of new ones is expected to continue. This makes the conditions extremely favorable for investors who expect to attract international and local technology, outsourcing and startup companies.