Cinema City International, OCIF Group and Bulgarian IRIS with Project for over EUR 100 M in Russe

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A project for a large-scale shopping and entertainment complex and business park in Rousse was announced this week in the presence of the Mayor of the city, eng. Bojidar Jotov. The shopping and entertainment complex which will be only 5 minutes from the city centre - between Lipnik blvd. and Potsdam blvd., is the third and the biggest project of Cinema City and Ocif Group in Bulgaria after Mall of Sofia - already opened to public, and Mall Plovdiv - in construction. The new project in Rousse will be developed in partnership with IRIS AD.

A project for a large-scale shopping and entertainment complex and business park in Rousse was announced this week in the presence of the Mayor of the city, eng. Bojidar Jotov.

The shopping and entertainment complex which will be only 5 minutes from the city centre - between Lipnik blvd. and Potsdam blvd., is the third and the biggest project of Cinema City and Ocif Group in Bulgaria after the Mall of Sofia - already opened to public, and Mall Plovdiv - in construction. The new project in Rousse will be developed in partnership with IRIS AD.

"We have the experience and the know-how and the results are in the capital city with the shopping and entertainment centre Mall of Sofia, and very soon in Plovdiv - with Mall Plovdiv. We are proud that our biggest project in the country will be in the Danube city Rousse. The team to develop this new investment is the same team that worked on Mall of Sofia and is now developing Mall Plovdiv. We envision that the complex in Rousse will be more impressive in terms of design and construction and with the support of IRIS AD, our local partner, we believe that we will open it to public in the year 2009," said Peter Dudolenski, CEO of the shopping and entertainment centre.

"The strength of this project is the synergy between the shopping and entertainment centre and the business park, which is an investment of IRIS AD," added Miglena Dimitrova, CEO of the business park and Chairperson of the Board of Directors of IRIS AD.

"Rousse deserves to have a modern and pleasant place for shopping and entertainment as well as a first-class business environment. We are glad that our project will be the first of this kind and scale in the city and I hope to set high standards for all the coming investments on the territory of Rousse and the region," shared Mr. Bogomil Dimitrov, CEO of IRIS AD.

Cinema City International established in 1931 is among the leading cinema city operators. It has over 600 cinema halls in Europea nd Israel and is the exclusive operator of the 3D IMAX movie theatres for Central and Eastern Europe. Also, the company successfully invests in shopping and entertainment centres and office buildings.

Ocif Group established in 1956 is a leader in construction of high-tech offices, public buildings, shopping centres and modern residential complexes in Israel and abroad. The company participates in the construction in Tel Aviv of the highest building in the Near East, which combines office, commercial and residential areas in one single building of 69 floors with height 255 m2 above sea level.

IRIS AD has over 100 year history, an heir of the first textile factory established in 1905. In 1997 it became a private-owned company and becomes a leader in production of high quality textile and preferred partner of many textile companies and retailers from Germany, France, Denmark, Italy, Greece and other European countries.

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