by Property Forum | Investment

Marera Real Estate Partners, a sister company of Marera Properties, has acquired the historical landmark of the publishing house BIGZ built in 1941. This monumental property spreads across over 40,000 sqm. With an investment of over €40 million, it will be turned into a modern business centre over an 18 month period of time. For project implementation, Marera Real Estate Partners is joining forces with Aleksandar gradnja, a company with proven expertise in residential development.

“Entering in partnership with Aleksandar gradnja will contribute to the efficiency of BIGZ redevelopment realization. This is our first joint project and we will certainly continue to expand our commercial portfolio both independently as Marera Properties and through partnering projects as Marera Real Estate Partners. We are well recognized on the Serbian market for our redevelopment expertise and superior office space design. Our focus stays on the development of modern properties with innovative and functional solutions,” said Milana Sreckov, the CEO of the company.

BIGZ, formerly regarded as the biggest publishing house in the Balkans, holds the status of a protected cultural monument and shines as a classic example of modern Serbian architecture. The company will be collaborating closely with the Institute for the Protection of Cultural Monuments to preserve the timeless authentic exterior designed by famous Serbian architect, Dragisa Brasovan.

The BIGZ project will be following a proven concept of Marera Real Estate Partners’ sister company, Marera Properties, which brings substantial expertise in the reconstruction of historical buildings in Belgrade. Two examples include the widely praised transformation of the old textile factory, Beko, into today’s exquisite Kalemegdan Business Center, or the recently launched renovation of the symbolic building, Palata Beograd, that will be offering contemporary office spaces in the heart of the city.

Marera Real Estate Partners, a sister company of Marera Properties, invests in real estate properties in Serbia through joint investments with one or more partners, acquiring different ownership stakes in joint companies.