ARTICLES LABELLED WITH TAG SEE

Bulgarian shopping mall Plovdiv Plaza will reopen its doors in November following an extensive renovation. The shopping centre will have a total retail area of 35,000 sqm.

Deputy Mayor of Belgrade, Goran Vesić and CEO of MPC Properties Ingo Nissen have officially laid down a foundation stone at the construction site of a new shopping centre in Belgrade with over 43,000 sqm of sales space and a total built area of 130,000 sqm. The project is a joint venture of MPC Properties, the largest investor in the region of South-East Europe and Atterbury Europe, focused on shopping centre investments and retail development opportunities in Europe, which will collectively invest more than €110 million in this project.

Slovenian retailer Mercator has sold 10 shopping centres with a total GLA of 108,800 sqm in Slovenia to Austrian Supernova Group for €116.6 million. Mercator will rent parts of the centres, the company said in a filing to the Ljubljana Stock Exchange.

Orbis SA, an exclusive partner of AccorHotels for Eastern Europe, and Rox d.o.o. have signed an agreement on cooperation which will result in the opening of a Novotel hotel in Zagreb in late 2020.

Ikea intends to complete the construction of a €50 million retail park in Belgrade by the end of 2020, the company’s CEO for SEE, Stefan Vanoverbeke said.

Serbian real estate developer MPC Properties will invest €45 million in the second phase of the Navigator Business Centre office project in Belgrade.

South African real estate investment trust Hyprop Investments has acquired a hypermarket adjacent to its shopping centre The Mall in the Bulgarian capital for €23 million back in June.

As of August 2018, the Radisson Collection Hotel, Old Mill Belgrade began a new chapter as the latest addition to the premium lifestyle collection of hotels by Radisson Hotel Group.

CTP plans to invest €75 million in the acquisition of properties in Belgrade and Novi Sad as well as further developments all totalling 120,000 sqm of lettable area.

Bulgarian Real Estate Fund plans to invest €33 million in the construction of an office building in state-owned Sofia Tech Park. At first, the project will be financed with the proceeds from the company's planned capital increase, while at a later stage the construction works will be financed through loan financing.