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When Trends Collide

Tishman International Cos. and GE Real Estate Central & Eastern Europe are working on a project that rolls up three trends in one: mixed-use development, airport retail and investment in an international center.

NREI online has the details on the $363 million project.

Two U.S.-based real estate firms will develop a $363 million mixed-use complex near the Sofia, Bulgaria international airport. Los Angeles-based Tishman International Cos. and GE Real Estate Central & Eastern Europe will co-develop the Sofia Airport Center project.

The announcement marks the first time that two U.S.-based developers have agreed to build a project in Bulgaria.

“Our joint venture is ideally positioned to successfully develop Sofia Airport Center, [which will become] a state of the art project that will set a new standard for commercial development throughout the region," says Alan Levy, chairman of Tishman International.

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