Delta Real Estate has secured the resources and the technical documentation for the construction of the Delta Center business complex in New Belgrade. The complex will include the 26,000 sqm Hotel InterContinental Beograd, in addition to 26,000 sqm of office space. The project will also include an exclusive shopping area and restaurants, as well as a large underground car park.

CTP welcomes Serbia’s leading electronics retailer, Tehnomanija, to Serbia’s largest industrial park, CTPark Belgrade North. The company has leased a newly built, 20,000 sq, logistics warehouse to support the large-scale expansion of its e-commerce activities.

AFI Europe Serbia is launching on the construction of the Skyline Omnia office tower on Belgrade’s Kneza Milosa. The project, worth €73 million, will see the completion of 132-metre high office tower with 31 floors, covering nearly 40,000 sqm.

Delta Holding has acquired the 29,374 sqm Sava Center congress complex in Belgrade. After several attempts by the City of Belgrade to sell the property, Delta Holding confirmed that it is willing to accept the latest €17.5 million price plus the €50 million of obligatory investment. According to the estimates of foreign consultants hired by Delta, the investment for the renovation of Sava Center will be more than €60 million.

The region’s largest shopping centre Galerija Belgrad will open on 30 October. With a total area of 300,000 sqm, Galerija Belgrade will offer local and international brands in one place, dozens of cafes and restaurants, two entertainment complexes, a cinema with the most advanced IMAX technology and as many as 3,600 parking places.

The Belgrade city government has invited bids for the sale of the Sava congress centre at a minimum price of€ 27.42 million.

Developer MPC Properties has opened the Ušće Tower Two office building in Belgrade. The 22-storey building offers 23,200 sqm of leasable space. The developer will be seeking BREEAM certification for the property that is located in New Belgrade’s central business district.

CBS International, part of the Cushman & Wakefield Group, has been assigned to provide facility management services for the Blue Center office building in New Belgrade by owner Bluehouse Capital.

Nearly all market indicators point to positive developments on the Serbian market with further growth expected in all segments. Mia Zečević, the CEO of Serbia’s Novaston Real Estate Platform talked to Property Forum about the company’s development plans and shared her insight on the current trends shaping real estate markets in the Balkans region.

Britain’s Poseidon Group and Belgium’s Mitiska REIM has sold Capitol Park Rakovica, the largest retail park in Belgrade, to Israel’s BIG CEE Group. The transaction closed in December 2019. CMS Belgrade advised the sellers.