Serbia

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...

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...

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...

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 ...

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...

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...

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 ...

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...

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...

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.

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...

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...

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.

According to a Belgrade City Report by JLL, Serbia is regarded as one of the most attractive countries for investments within the region, which will continue to increase along with the country’s reforms. According to the World bank, Serbia was ranked 59th in the ease of doing business ranking. The main reason behind the rise,...

Delta Real Estate on the sale of two Delta City shopping centres in Belgrade, Serbia and Podgorica, Montenegro for a total of €202.7 million to a joint venture between South African Hyprop, the country's largest listed specialised shopping centre REIT, and Homestead Funds. This transaction represents the largest single asset ...

Starwood Hotels & Resorts Worldwide, Inc. announced an agreement with Belgrade Waterfront LLC to debut the iconic W brand in Serbia with the opening of W Belgrade and The Residences at W Belgrade. Scheduled to open in 2019, W Belgrade will set the pace in Serbia's thriving hospitality scene, bringing the ultimate in insider a...

Marriott International’s Courtyard by Marriott brand has announced that its first hotel in Serbia, the Courtyard Belgrade City Center, will open on 7 September 2015. The hotel, which showcases the brand’s new European design, is dynamic and modern with a striking glass façade that contrasts against the historic city center ba...

Mitiska REIM has acquired an 85% interest in the retail park Capitol Park Šabac in Serbia. Mitiska REIM made this investment on behalf of its specialist real estate fund “First Retail International” (FRI). This acquisition is the first realisation of the exclusive country partnership between Mitiska REIM, manager of FRI, and ...