Novaston managed the acquisition of two retail properties in Serbia worth 61 million EUR, between Nepi Rockcastle and BIG CEE.

Novaston platform, specialized for providing services in real estate, asset, and property management, was an exclusive support agent in the process of selling two retail properties in Serbia between two influential investors in the Balkan region: NEPI Rockcastle and BIG CEE.

The binding agreement with the total consideration of the approx. 61 million euros for retail properties Kragujevac Plaza Shopping mall (with a GLA area of 22.300 sqm) and Krusevac retail park (with a GLA area of 8.600 sqm) was signed in June.

“Both investor companies are Novaston’s reputable clients, with whom Novaston successfully cooperated on various projects. By offering complex logistics support within this transaction, Novaston played a significant role as the specialized associate in the entire process, from the buying/selling idea, through the complete due diligence process, to the finalization through the SPA signing, with the expected closing to be by the end of July 2021. By intermediating and supporting the process entirely with providing the highly professional services of complex consulting within all of the phases of the transaction process Novaston made an impact as the uniquely equipped company to deliver a consistent level of quality across the entire transaction lifecycle, continuing the further positioning and consolidation on the market of real estate consulting and supporting the further development of a retail industry in Serbia. We will continue on this path in order to further influence and shape the retail market in Serbia and wider”, said Mia Zečević, CEO of the Novaston platform.

Novaston Expanding its Business in the Region

Novaston cooperates with major investors in the Balkan region, including IMMOFINANZ; NEPI Rockcastle, GTC, Ikea Serbia, MK Group, Aleksandar Gradnja, etc.

The company is also expanding its business in the sectors of office space and logistics. The Novaston platform offers a complete service in the field of real estate sales, renting out and management, maintenance, marketing, as well as construction project management, equipping new offices and locations for the development of production and logistics complexes.

The company is cooperating on the development of Schneider Electric Development Center in Novi Sad, as well as renting out an attractive office building “Revolution” in Belgrade.

Novaston is also expanding its business in the region, especially in Croatia, where it is now part of the residential tourist project Petram Resort & Residences, on the Istrian peninsula.