ARTICLES LABELLED WITH TAG Serbia

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.

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.

Belgrade’s real estate market continues to grow cautiously. Prime yields currently stand at 8.50% for offices, 8.00% for shopping centres and 9.75% for industrial assets, according to JLL’s Belgrade City Report for Q1 2018.

Immofinanz has opened two further retail parks in its Stop Shop brand. The Stop Shop portfolio has now grown to 72 locations with roughly 500,000 sqm of rentable space in eight countries. The new properties are located in the Serbian cities of Požarevac (7,200 sqm) and Vršac (8,250 sqm). Both locations are 100% rented. The tenants include, among others, LC Waikiki, Reserved, Sinsay, CCC, Deichmann and DM.

KD Funds, one of the largest and oldest asset managers in South East Europe and Peakside Capital, an international real estate investor, announced the launch of the KD Adriatic Value Fund, Special Investment Fund, the first regulated real estate alternative investment fund (AIF) in Slovenia.

Decathlon, the world's largest sports retailer, is now entering Serbia. Partnering with BIG CEE group, the retailer plans to open its first store in Q2 2019 at Big Fashion Park Belgrade.

Cushman & Wakefield has signed an exclusive arrangement with CBS International as its affiliate in Serbia and Montenegro. The former CBRE affiliate has been rebranded to Cushman & Wakefield CBS International.

The EBRD and IFC, a member of the World Bank Group, are boosting the retail sector in Serbia, Montenegro and FYR Macedonia with €164 million in loans to the investment firm Hystead.