CTP has completed the acquisition of 27.5 hectares of land close to Belgrade city centre and is moving plans forward to develop CTPark Belgrade Centre, which will become Serbia’s largest logistics and technology facility to date with over 130,000 sqm of gross lettable area. The new CTPark will be strategically located 6 km from Belgrade’s city centre, 2 km from New Belgrade, and 5 km from Airport Belgrade.  

Lidl Serbia plans to start the construction of a new, 60,000 sqm logistics canter in Lapovo, a city located approximately halfway between Belgrade and Nis on the A1 highway, in the coming months, local media reports.

Despite the slowdown in activity in the first half of 2020 due to COVID-19 and the earthquake that hit Zagreb in April, the Croatian capital’s office market was very active in 2020 with total leasing activity amounting to 55,000 sqm, according to a market report by Cushman & Wakefield | CBS International Croatia.

Romania-based project management company Optim PM has opened a branch in Belgrade to expand its services on the Southeast European real estate market.

The Q4 2020 results of the RICS Global Commercial Property Monitor continue to point to a challenging backdrop across Europe. Both the office and retail sectors remain under significant pressure, with demand still falling sharply amid the difficult economic climate induced by the pandemic. On a brighter note, supported by structural tailwinds, the industrial sector continues to defy this downbeat overall assessment, prompting respondents to upgrade expectations for rental and capital value growth.

Swedish furniture group Ikea is set to open its first store in Slovenia in Ljubljana today. To ensure a safe shopping experience and avert long queues in front of the store, Ikea has mandated advanced bookings for in-person shopping in the first weeks following the opening. The number of visitors is capped at 700 with Ikea estimating that they will spend roughly two hours on average browsing around the store.

The industrial segment has stood out as the most resilient sector to the crisis and the markets Serbia, Croatia, Slovenia and Bulgaria present a huge opportunity for further growth. Boško Tomašević MRICS, Managing Director SEE at CBRE talked to Property Forum about investment market expectations and shared the company’s expansion plans for the Balkans region.

Construction has started on the Pyramid of Tirana, the brutalist monument in the heart of Albania’s capital city. Rotterdam-based architectural studio MVRDV's design will see this crucial heritage building, once the showpiece of Communist dictator Enver Hoxha, dramatically renovated. The concrete structure will be reused, the atrium and its surroundings greened and opened, and a small village of cafes, studios, workshops, and classrooms – where Albanian youth will learn various technology subjects for free – will permeate the site, both inside and outside the pyramid itself. The Pyramid is thus expected to become a new hub for Tirana's cultural life and a carrier for the new generation.

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.

The total investment volume achieved in 2020 in the SEE region amounted to €766 million representing a 17% decline in transaction volume in comparison to the year before, according to CBRE’s market report summarising H2 2020 on the investment market.