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.

Southeast Europe‘s real estate market is growing but most markets in the region have trouble attracting foreign investors. To make real estate investments in SEE more attractive, it is necessary to reduce investor risk by implementing legal, tax and public administration reforms and reducing corruption, according to the panellists at Balkans Property Forum 2019, which was organized for the third time in Belgrade by Property Forum and RICS. The conference was visited by nearly 200 real estate professionals from Serbia and other countries in the Balkans region.

A new 18,500 sqm production facility for one of the world’s leading automotive interiors supplier, Yanfeng Automotive Interiors (YFAI) was officially inaugurated in a formal ribbon-cutting ceremony at CTPark Kragujevac.

The first international industrial/logistics developer present on the Serbian market is expanding its portfolio rapidly. Vlatko Djuricek, Country Head of Serbia at CTP talked to Property Forum about the company’s future plans.

CTP is building a new turbine factory for BMTS at CTPark Novi Sad which will be handed over in April 2020. A considerable part of the facility will be equipped with all the necessary features for R&D activities.

At the beginning of December, Delta Holding will launch the construction of a new office building, Delta House in Belgrade which will house the company's future headquarters, local media reports. The 23,000 sqm building will be constructed in New Belgrade, between the Crowne Plaza Hotel and Geneks Apartments, following an investment of €40 million.

On 3 December 2019, Balkans Property Forum 2019, a conference and networking event for real estate professionals from all over Southeastern Europe will be held in Belgrade. Over 150 guests will come together in the Serbian capital to discuss key issues and explore the latest trends influencing the future of the real estate industry.

CTP will complete the construction of a new factory in Kragujevac, Serbia for one of the world leaders in the production of car components. The investment is worth €16 million and will help create around 800 jobs in Kragujevac in the surrounding places.

Immofinanz assigned Novaston to support the opening of their Stop Shop retail park in Sremska Mitrovica. All four Novaston platform sister companies were involved in the services. Novaston Asset Management supported with leasing services, while Novaston Facility Management assisted with technical support. Moreover, Novaston Project Management helped organizing tenant coordination, while Novaston Marketing Consultancy was involved with the opening event and marketing promotion.

CTP Invest's first project in Serbia - construction of CTPark Belgrade West - has been completed successfully.