Novaston Asset Management, part of the Novaston platform, has become the exclusive agent for renting out office space within the new "Revolucija" building, located at the intersection of Bulevar Kralja Aleksandra and Golsvordijeva Street, in Belgrade.
The popularity of retail parks in Serbia continues to grow. Last year we have seen the opening of four new retail parks across the country, acquisitions of six existing retail parks, and the announcement of new retail park developments for 2021.
This November, the construction of another exceptional business project will begin in Belgrade called "Skyline Omnia". The business tower will be part of a business complex “Skyline Belgrade” located on Kneza Miloša Street.
Belgrade Galerija, the largest shopping, gastronomic and entertainment destination in the region, opened on the 30th October in the presence of Eagle Hills President Mohamed Alabar, Serbian President Aleksandar Vučić, and Serbian Prime Minister Ana Brnabić.
At a press conference held on the 30th of July, a syndicated loan agreement was signed to finance the construction of a new shopping center development by Balfin Group, known as East Gate Mall in Skopje.
IMMOFINANZ has announced that they will expand their STOP SHOP retail park portfolio to 90 locations in nine countries by the end of 2019. With recent acquisitions and developments the portfolio will in total comprise of over 650,000 sqm of rentable space and will have a book value of approximately 900.0 million EUR.
ADA MALL a new and unique shopping center concept developed by GTC, has officially opened in Belgrade on the 24th of May. The complex brings together a broad selection of established and newcomer brands, world-class entertainment and innovative gastronomy concepts.
The Belgrade office of the US based real estate consultancy company CBRE has successfully advised MID Group on the sale of five retail parks in Slovenia and Croatia to Austrian real estate company IMMOFINANZ, for a total of just under 50 million EUR.
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