CPI Property Group has appointed CBRE as manager of its Stop Shop retail park portfolio in Serbia, which comprises 14 retail parks in 14 cities and more than 120,000 sqm of leasable area. CBRE will provide integrated asset management solutions, including financial and property accounting services, leasing services, and will oversee all operational aspects of the property and tenants.
"We are very proud of the mandate for the property management of Stop Shop retail parks in Serbia, especially considering that it is an extension of the cooperation with the client with whom we started our journey in the region in January 2022, when we took over the management of the portfolio of Stop Shop retail parks in Slovenia, which also includes 14 properties and a GLA of almost 100,000 sqm," says Ivana Maksimović, Head of Property Management and Retail SEE, CBRE. "With the addition of the Stop Shop retail parks in Serbia to our portfolio, CBRE's Property Management team now manages over 385,000 sqm and 34 properties of various types, including office, logistics and retail properties, in three Southeastern European markets."
CPIPG continues to invest in sustainable solutions within the Stop Shop retail parks, setting significant trends in the market and numerous green building standards. The second phase of construction of the Stop Shop retail park in Subotica is expected to be completed in 2024, when it will become one of the largest in Serbia with a total area of 15,500 sqm. There are also plans to expand the capacity of the Smederevo retail park in the following period.
Maja Marić, Country Operations Manager for Serbia at CPI Property Group, said: “The property management model is changing and we firmly believe that CBRE, with its global experience, integrated solutions with a personalised approach to each client, as well as a team of local experts, will contribute to the creation of advanced solutions and a better experience for both our tenants and visitors to Stop Shop retail parks. With a partner such as CBRE, I believe we will successfully continue the series of positive changes that Stop Shop has initiated in the industry.”
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