Balfin Group invests €180 million in new Skopje project

30
Oct
2017
News - Balfin Group invests €180 million in new Skopje project #Albania #development #investment #Macedonia #mixed-use #retail #SEE #Skopje

by Import Sys | Retail

Albanian company Balfin Group has acquired a 155 000 sqm plot of land, 1.5 km from the centre of Skopje. The company plans to develop the first mixed-used real-estate development project in excess of 250,000 sqm gross build area, estimated to be largest private investment of this type in Macedonia. The development plans include a new 45 000 sqm gross leasable area shopping mall, residential block and an office park. The overall total investment of the company is planned to be circa €180 million over a time-span of 5-7 years, with €100 million investment in first phase, creating thousands of new jobs and opportunities. The company states that the shopping mall will be developed first, and the apartments and office towers over the next 5-7 years.

Balfin Group of Albania is majority shareholder of Skopje East Gate Real Estate Development (SEG), and such project shall be further developed with participation of both local and foreign shareholders. Balfin Group was the developer of Skopje City Mall, sold last year to a foreign real estate investor, historically marking the largest real-estate capital market transaction in Macedonia. Balfin Group is one of the largest regional companies, with a portfolio that includes investments in shopping malls, commercial and residential real-estate developments and numerous retail activities such as Neptun, Jumbo and apparel retailers.
 
The mall will be constructed on two levels with an estimated 2500 underground parking lots. The location and the size of the new mall present solid grounds besides the brands present on the market also new foreign brands to come to the mall. Along with the shopping mall, a new residential area, with over 100 000 sqm gross build area of new housing is be planned to be constructed over the next 5 years.

Albania development investment Macedonia mixed-use retail SEE Skopje


Latest news


New leases

  • MLP Group has bolstered the tenant mix at MLP Poznań West by welcoming Stockly, a 3D printing specialist. The company has leased 2,400 sqm of warehouse and office space, with operations already underway via early access. A full handover is expected in December 2026. Stockly was represented by Rock Estate during the transaction.
  • Echo Investment has signed a lease agreement with Auchan Polska for 1,200 sqm of retail space within Fuzja, a flagship multifunctional complex in Łódź. The retailer is scheduled to open the outlet during the summer of 2026.
  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.

New appointments

  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.
  • Aleksandra Walaszek and Tomasz Nowakowski have joined Cushman & Wakefield’s Retail Agency. Walaszek has more than 10 years of experience in the retail sector. Nowakowski is an expert with nearly 20 years of experience in strategic leasing and retail property transaction management.
  • iO Partners has appointed Constantin Banu as Business Development Director for its Industrial and Land segments. With over 25 years of experience in the Romanian real estate sector, Banu is widely credited with helping shape the local logistics market. In his new role, he will oversee expansion strategies for the two segments.


Latest news

News - Meet the 50 most influential people in Czech and Slovak real estate
19
May
2026

Meet the 50 most influential people in Czech and Slovak real estate

by Property Forum
Property Forum is proud to present the second edition of its annual list recognising the 50 most influential people in Czech and Slovak real estate. Following the successful launch of the inaugural ranking last year, the publication once again highlights the individuals shaping the future of these two dynamic markets. The ranking, together with all other regional editions, is now available on the Property Forum website.
Read more >
News - Crestyl secures €185 million loan for Prague office park from pbb & Helaba
18
May
2026

Crestyl secures €185 million loan for Prague office park from pbb & Helaba

by Property Forum
Crestyl Group has secured a €185 million medium-term refinancing package for its Dock In Office Park in Prague, jointly underwritten by Deutsche Pfandbriefbank (pbb) and Helaba. The transaction capitalises on the lenders' long-term involvement with the Prague 8 commercial development. Prior to this agreement, both pbb and Helaba successfully provided the financing for all five individual phases of the waterfront office park.
Read more >
News - Panattoni builds 26,000 sqm warehouse for Bidfood in Łódź
18
May
2026

Panattoni builds 26,000 sqm warehouse for Bidfood in Łódź

by Property Forum
Panattoni is to build a warehouse facility spannign around 26,000 sqm for Bidfood in Łódź. The project will be developed on a build-to-own (BTO) basis and will serve as a central distribution warehouse for the HoReCa operator.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy