News Article Belgrade Croatia Czech Republic development residential Serbia Zagreb
by Property Forum | Residential

Brno-based Domoplan from the Fipox Group continues its expansion into Southern Europe. At the beginning of the year, it announced the construction of apartments worth hundreds of millions of crowns in Zagreb, Croatia, and now it is also entering the Serbian market. At the beginning of next year it will start construction in Belgrade, where it is planning a luxury residential project worth €20 million, reports

"We have received all the necessary permits from the Belgrade authorities to start construction in the first quarter of 2024," Domoplan owner and founder Tomas Vavrik confirmed to e15. Domoplan will build an apartment residence called Arboleda in the Serbian capital, which will cost approximately CZK 540 million (€22 million) to build. The building will offer 49 apartments with a price tag of around €4,000 per sqm. The premium residence will be built in the southeastern part of Belgrade, right next to the Zvezdara Forest Park, one of the largest wooded areas in the centre of the capital.

In addition to the nearby park, residents of the Arboleda project spread over an area of approximately 7,000 sqm, will also have a panoramic view of the entire city. Also due to its location close to nature, the residential housing is designed in the spirit of sustainability and lower energy consumption. The project will therefore include heat pumps and charging stations for electric vehicles.

Other Czech developers such as Sebre and UDI Group are already active in Serbia. Last year, Belgrade's leadership presented an ambitious strategy, Belgrade 2030: City of the Future. It emphasises the development of tourism, plans for a 44-station metro network and the creation of seven new bridges on the Danube and Sava rivers, at whose confluence Belgrade lies. It is also to include new construction involving Czech investors.