GTC opens first shopping centre in Serbia

30
May
2019
News - GTC opens first shopping centre in Serbia #development #GTC #mall #SEE #Serbia #shopping

by Property Forum | Retail

GTC Serbia opened Ada Mall, its first shopping centre in Belgrade, Serbia. It is the only latest-generation shopping centre in the Serbian capital and covers an area of over 34,000 sqm. This extraordinary shopping mall was designed to provide its visitors with a unique Belgradian shopping experience.


GTC started construction of Ada Mall in March 2017 on Radnička street in Belgrade, opposite Ada Ciganlija – a popular recreational area. Ada Mall is not a traditional mall of rectangular box-like shape. It is a genuine green oasis in accordance with the environment, particularly with Ada Lake, following the configuration of the terrain and has a lot of lush vegetation.

Ada Mall will be a host for a number of prestigious global brands, many of which will be found for the first time in Belgrade. Boutiques are placed on the first three of five floors, other two feature bars, restaurants, and additional multi-purpose facilities. The shopping centre has three levels of underground parking with about 1,000 parking spaces connected into one unit.

GTC’s debut in this sector in Serbia coincides with the period of fantastic economic circumstances. The Serbian retail market continues a positive trend as strong consumption momentum owes to real wage growth (mid-single digits) and positive labour market developments.

 “We put great effort into creating a retail and leisure destination that is different – in line with the demand of the modern shopper who is not only looking for the latest fashion but also to enjoy their time whilst doing so. I am convinced that with the wide malls, plenty of natural light and green terraces offering amazing views, we have achieved this. The fact that we were able to attract numerous new brands such as The Body Shop, Kiehl’s, Mohito and others to Belgrade for the first time further support this,” commented Pedja Petronijević, Managing Director of GTC Serbia.

GTC invests actively in the shopping centre sector in the region. Currently, GTC owns and manages five shopping malls offering over 215,000 sqm. of retail space in Poland and the capital cities of the CEE region.




Latest news


New leases

  • 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.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


Latest news

News - Croatia's hospitality construction faces slowdown risk this summer
07
May
2026

Croatia's hospitality construction faces slowdown risk this summer

by Property Forum
Croatia's construction sector is threatened with damage this summer due to the ongoing US-Israeli-Iran conflict. While the pain has not been intense so far, the situation could worsen significantly by mid-June or even late May, according to an analysis by the Eastern European Construction Forecasting Association (EECFA).
Read more >
News - Romania's industrial stock tops 8 million sqm in Q1 2026
07
May
2026

Romania's industrial stock tops 8 million sqm in Q1 2026

by Property Forum
Romania's industrial and logistics market reached over 8 million sqm in Q1 2026, with approximately 115,000 sqm of new space delivered. At the same time, around 500,000 sqm are currently under construction, according to Cushman & Wakefield Echinox's report.
Read more >
News - CEE real estate investment posts strong recovery in 2025
07
May
2026

CEE real estate investment posts strong recovery in 2025

by Property Forum
CEE real estate investment rebounded strongly in 2025, with volumes reaching €11.6 billion across six core markets, representing a 31% year-on-year increase according to Colliers. 
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