News Article BIG CEE investment RC Europe retail retail park Serbia
by Property Forum | Investment

BIG CEE and RC Europe have reached an agreement on the sale and purchase of two retail parks in Serbia, NEST Obrenovac and Nest Kraljevo. The transaction was facilitated by CBRE, the buyer announced.

With a GLA of 11,000 sqm, NEST Obrenovac, and NEST Kraljevo with a GLA of 9,500 sqn, both boast a full occupancy rate of 100%.

This transaction is in accordance with BIG CEE’s strategy of continuing its investments in additional cities throughout Serbia. In the next few months, BIG will be working on optimizing and adjusting the retail parks, which will be rebranded as BIG in the coming spring-summer season.

“We are very satisfied with this transaction, which is in direct support of implementing our strategy of bringing the BIG experience to every citizen of Serbia. I would like to thank the RC Europe team, headed by Martin Grunwald for a smooth and pleasant deal making process. RC Europe has done a great job on these two assets, and we are happy to take over and continue improving them and becoming places of BIG attraction in the respective cities.” stated Lev Weiss, CEO of BIG CEE.

The RC Europe Group will use the proceeds from the transaction for the construction and development of the logistics and industrial park project RC ZONE Samobor near Zagreb in Croatia. RC Europe is now building the largest single building in Croatia with a total rentable area of more than 80,000 sqm.

"I want to personally thank the entire team of the BIG CEE group in Serbia, and Mr. Lev Weiss in particular, for his most correct actions during the entire transaction," said Miloslav Hartman, Co-Owner of the RC Europe group. "For the RC Europe group, this is the largest divestment in Serbia, and we are pleased that both centres will continue to be managed and developed by the company number one in the Serbian retail market. This is the end of a great chapter for us, which began exactly 6 years ago with the opening of the first phase of the NEST Kraljevo project in 2017." added Martin Grünwald, Member of the Board of Directors of RC Europe.