Park Lane Developments Holds Ceremonial Groundbreaking for AYA Business Centre 

AG Capital is proud to announce that Park Lane Developments, our commercial development company, broke ground on November 15, 2023 on its latest project – the AYA Business Centre in Sofia. The building is planned to become the new home for MFG (Management Financial Group)

AYA new office building

Park Lane Developments will be developing the new project as a built-to-suit model where every single detail will be considered for the entire exterior and interior completion of the building. AYA’s design has been adapted to reflect all specific requirements by MFG for creating a comfortable, functional and contemporary office environment. The total investment in the ready-to-use project is expected to reach around EUR 30 million, with financial support provided by United Bulgarian Bank (part of KBC Group Bulgaria).

Located at the Hladilnika quarter, just a 5 minutes’ walk away from the Vitosha metro station and Sofia’s largest shopping mall, Paradise Centre, AYA Business Centre will offer a total area of over 13,350 square metres with 8 above-ground and 2 underground floors. The area has become lately one of the most preferred locations for commercial properties and office buildings in Bulgaria’s capital.

AYA’s structural design comes with a leaning aesthetic effect, that frames a distinguished layout. Its beautiful facade has been emphasised by six bronze elements, resonating with the design of the adjacent SAP Center Sofia, having also been developed and completed by Park Lane Developments.

Sustainability, employee well-being and health have been a top priority when planning the project. AYA’s facade meets a set of high standards for energy efficiency, sound insulation and solar factors. Fast charging stations for electric vehicles and smart sensors will be available for maximum energy optimisation. Ultraviolet (UV) lamp systems will also be employed for filtering and improving indoor air quality. 

Floor plans will offer high ceilings of 3 metres across the building’s functional and efficient open-plan areas. Amenities onsite are to include a spacious top floor south-facing terrace with fantastic mountain views, a restaurant, a state-of-the-art gym, and a premium wine shop with wine-tasting facilities on the ground level. 

AYA will accommodate slightly over 500 company employees, which exceeds the standard square metres allocated per employee, thus providing for more spacious and comfortable arrangements. Office space has been designed in a way to further allow for flexible changes with the development and growth of the company, and to suit its needs in the best possible way.

The building is scheduled for completion in 2 years’ time from its launch. The company will also be working in close cooperation with Planning Architectural Studio led by Eng. Iliyan Iliev for the project, Cache Atelier and with two more companies –  Hydroinject and Venkov Engineering, for the excavation and construction works.

“The future of office spaces lies with green design, energy efficiency, and the best of experience for the occupants in every building. Our ambition with AYA Business Centre is to deliver an iconic and outstanding project on the Bulgarian office market. We would like to thank MFG for their trust and partnership and for sharing our vision for modern workspaces, recognised for convenience, efficiency and functionality,” said Tanya Kosseva-Boshova, Managing partner at Park Lane Developments, during the groundbreaking ceremony.

This will be the new large-scale office project for Park Lane Developments, following the development and further sale of the Class A SAP Center Sofia in 2021. The latter was also named Building of the Year 2021, and the largest investment deal on the Bulgarian office market for the 2019-2021 period. The redevelopment of Sofia’s historic landmark Polygraphia Office Center is also one the prime projects the company takes pride in within its portfolio.

The groundbreaking ceremony hosted yesterday by Tanya Kosseva-Boshova, Managing Partner and Member of the Board of Directors at Park Lane Developments, Stanimir Vassilev and Nedelcho Spasov, co-founders and shareholders of MFG, and architect Ilian Iliev, founder of Planning Architectural Studio, brought together also special guests, partners and media.


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