Distribution company Kaven Orbico has signed a pre-let at Industrial Park Sofia East in the biggest ever industrial transaction in Bulgaria.

According to Colliers International Bulgaria, which advised on the deal, the 236,800 sq ft letting to Kaven is the largest ever recorded in the county.

The space will be developed over the next three years at scheme, which is owned by a consortium of private investors. Industrial Park Sofia East is located in the Elin Pelin municipality, 20km from Sofia.