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» Chronological View: " Serbia " «

I&L sector in the CEE-17 is one of the most sought-after asset types since 2019

Industrial and logistics real estate markets across the CEE-17 region are all at different stages of maturity, both in terms of size and the pace of development. The total supply of modern Industrial and Logistics (I&L) stock across the CEE-17 is well over 50 million m² in total. From this supply, the current availability can...
Friday, 9. October 2020

Boško Tomašević appointed Managing Director of CBRE South Eastern Europe

CBRE has appointed Boško Tomašević as Managing Director of CBRE in South Eastern Europe (SEE) effective January 1st 2021. Boško Tomašević succeeds current Managing Director, Andrew Peirson who started at CBRE in 2018 and is stepping down from his position and will leave the property adviser in December 2020.
Thursday, 8. October 2020

CTP 80% complete on portfolio certification process

CTP announced its goal to certifiy its entire portfolio of industrial buildings according to the BREEAM standard, and in January began the certification process in six countries with local appraisers. The investment company has 80% of its portfolio certified, and 100% of its country portfolios in Romania, Serbia and Poland.
Friday, 31. July 2020

Arena Hospitality acquires Belgrade hotel

Arena Hospitality Group has entered into an agreement to acquire the 88 Rooms Hotel, a 4-star hotel in Belgrade, Serbia. The property is located minutes away from the historic old town and offers 88 rooms and suites, a restaurant and a bar, a conference room and fitness facilities. The vendor is MK Aviation Services.  The tra...
Wednesday, 1. May 2019

Immofinanz adds eight new sites to its Stop Shop portfolio

Immofinanz is driving the expansion of its Stop Shop retail park brand and has now purchased eight retail parks in Slovenia, Serbia and Croatia. The purchase price totals approximately €90.5 million. The newly acquired properties are fully rented and generate annual rental income of roughly €7.2 million, which represents a gr...
Wednesday, 14. November 2018

CBRE launches regional office for South Eastern Europe in Belgrade

CBRE has established a new regional office to provide real estate advisory services to international and domestic clients in South Eastern Europe. The new fully-owned CBRE operation based in Belgrade will be led by Andrew Peirson who has been working in the region since 2005. He joins from JLL where he was overseeing their So...
Thursday, 5. July 2018

Fiscal and debt levels in CEE: the future will prove more challenging

The governments in the CEE region have made strong strides over the past few years when it comes to lowering their public debt levels. The gross public debt-to-GDP ratio for the CEE region as a whole declined from 53.9% in 2013 to 48.3% in 2017 – well below the Euro Area average of nearly 90%. Debt reduction was helped by bot...
Tuesday, 26. June 2018

Immofinanz opens two further retail parks

Immofinanz has opened two further retail parks in its Stop Shop brand, whose portfolio has now grown to 72 locations with roughly 500,000 sqm of letable space in eight countries. The new properties are located in the cities of Požarevac (7,200 sqm) and Vršac (8,250 sqm). Both locations are 100% rented. The tenants include LC ...
Thursday, 3. May 2018

C&W enters Serbian market with CBS International in Serbia and Montenegro

Cushman & Wakefield has signed an exclusive arrangement with CBS International as its affiliate in Serbia and Montenegro. CBS International has entered into a second decade as real estate consultancy in Serbia for seven years now, advising property owners, investors and occupiers across all sectors on every aspect of their pr...
Tuesday, 10. April 2018

Mitiska REIM and Poseidon Group open two new retail parks in Serbia

Mitiska REIM, in partnership with Poseidon Group, has announced the opening of two new retail park developments in Serbia – Capitol Park Rakovica and Capitol Park Sombor. „We are delighted to announce the opening of these two new retail park developments. Both the Rakovica and Sombor properties were previously disused brownfi...
Friday, 20. October 2017

Austria-based asset manager sells Belgrade Business Center to GTC Group

An Austria-based real estate asset manager, advised by JLL, has sold an office property in Serbia, the Belgrade Business Center (BBC), to the Polish Global Trade Centers (GTC) Group. Located in the heart of the central business district of New Belgrade, and extending to around 18,000 sq m of gross leasable area (GLA), BBC is ...
Tuesday, 26. September 2017

Economic growth powered by reform mandate and export growth

According to a Belgrade City Report by JLL investment is picking up, underpinned by improving credit ratings and strong FDI, ensuring financing for the gradually falling external deficit. According to the Serbian Statistical Office during the first quarter of 2016, GDP growth was 3.5% on an annual level, while growth is estim...
Friday, 19. August 2016

Building construction market in the Balkan region grows 10%

EECFA published its latest Forecast Reports with forecast running up to 2018 on the 8 Eastern European countries it covers: Bulgaria, Croatia, Romania, Russia, Serbia, Slovenia, Turkey, and Ukraine. On the €30 billion Balkan market, optimism was confirmed by the freshest forecast. On the building construction market, close to...
Thursday, 30. June 2016

Lone Star buys HETA-subsidiary

After a long selling process Hypo Bad Bank Heta finally has sold its Balkan subsidiary, Centrice Real Estate GmbH. Financial investor Lone Star now signed the purchase agreement. The take-over ist estimated to take place by end June.
Tuesday, 14. June 2016

GDP growth accelerated by early election and EU membership negotiations

According to a Belgrade City Report by JLL, above expectation GDP growth has enabled the Serbian government to call an early election, which would allow the acceleration of IMF driven reforms. This will further enable the growth rate expected to pick up to 1.5% in 2016 and 2% in 2017. 2015 was concluded with the opening of th...
Monday, 9. May 2016

St. Regis Hotels & Resorts to debut in Serbia with The St. Regis Belgrade

Starwood Hotels & Resorts Worldwide has signed for The St. Regis Belgrade and The Residences at The St. Regis Belgrade, a development project slated to open in 2019. Owned by Belgrade Waterfront LLC, the 125-room hotel will additionally feature 220 St. Regis branded residences in Kula Belgrade, the country’s highest mixed-use...
Tuesday, 3. May 2016

First Ikea store being build in Serbia

The Ikeas first store in Serbia will be located in Bubanj Potok in the Serbian capital Belgrade. The value of Ikea's investment is estimated at €70 million. Construction works will start this spring and should be completed in mid-2017. The store will offer more than 30,000 m² of retail space.
Monday, 21. March 2016