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Office Market News

Office space in Novi Beograd more wanted

Over the past years, the number of empty positions in the city center has not been decreasing. The reason is the fact that office space on the outskirts has lower price, better terms and bigger space, the informed think.

Simpo is selling office space in Altina - Initial price totals EUR 3 m

General Manager at Vranje-based Simpo, Sladjan Disic, announced the sale of office and sale space of the company in Zemun-based settlement Altina.

RESEARCH REPORT - Belgrade Retail Market

SHOPPING CENTER STOCK During 2014, the total retail stock remained unchanged, standing at the level of of 230,000 sq m of GLA, i.e. 140 sq m per 1,000 inhabitants, including all types of retail schemes. Having substantial catchment area, Belgrade can support higher shopping centre provision rates. Belgrade remains relatively undersupplied market given the size of the economy and population, therefore representing the excellent opportunity for shopping center developments. In terms of new deliveries, the retail market is experiencing the intensive development. The opening of Retail park Zemun holding 15,300 sq m of GBA in Zemun, is scheduled for Spring 2015. In addition, Israeli investor Aviv Arlon works actively on the development of the retail park in Zvezdara municipality which will comprise 11,000 sq m of GLA. Belgrade retail market also witnesses the construction of the project in Belgrade high street zone, in Rajiceva Street, at the foot of the main pedestrian zone, which, once completed, will hold 15,000 sq m of GLA.  Throughout Serbia, in 2014, the new openings have been limited to smaller-scale retail parks, which require lower initial capital, such as the 9,700 sq m Capitol Park in the city of Sabac and the 10,000 sq m Vivo shopping Park in Jagodina. After Pancevo and Belgrade municipality Zvezdara, Aviv Arlon selected Zrenjanin to develop the retail park of 32,000 sq m of GBA, where the preparatory works recently commenced. In addition, Austrian Immofinanz Group is planning to develop retail park schemes in Subotica and Cacak. Their Stop.Shop project in Cacak of 6,300 sq m is set for completion for April 2015, while the construction works on its project in Subotica of 7,300 sq m will commence after obtaining the construction permit. Subotica has been also attractive for local MPC company, that aims to construct the scheme of 11,000 sq m. In terms of the new offer, Zira shopping center hosted two market entrants, Goose and Sugarfree which both opened their stores in December When it comes to the investments in the retail segment, 2014 recorded two acquisitions: the acquisition of shopping mall Plaza Kragujevac of 22,000 sq m GLA, being acquired by NEPI Investment Group for EUR 38,6 million and the acquisition of Belgium Mitiska REIM that has acquired 85% share in the retail park Sabac Capitol Park. HIGH STREET RETAIL With limited available space in the shopping schemes, high street retail segment continually keeps the important position among the retailers. The local shoe brand Shoestar continued the strong expansion, by opening its high street store in the city center at Terazije Square.  RETAIL WAREHOUSE The local food chain Univerexport group recently took over two food chains Lurdy from Zrenjanin and Angropromet from Kikinda, aiming to further increase its network. After taking over Slovenian Mercator, Croatian Agrokor Group commenced the process of rebranding stores throughout Serbia. In terms of the future supply, German LIDL secured the land lots in several Serbian cities, such as Belgrade, Valjevo, Subotica, Novi Sad, Nis, Subotica and Smederevo, targeting to open several stores across the country simultaneously.           Source: CBRE International

RESEARCH REPORT - Belgrade Office Market

After a certain period of limited development activity on Belgrade office market, late 2014 witnessed more positive tendencies, with a few projects being in early construction process.

Austrian Eyemaxx Real Estate opens logistics center in Stara Pazova February 24

(Logistics center in Stara Pazova) On Tuesday, February 24, Eyemaxx Real Estate will open logistics center on 17.000m2.

Univerzal banka's assets put up for sale

The Deposit Insurance Agency, the bankruptcy manager of Univerzal banka, has published an Invitation to Bid for the immovable property of this bank.

Zemun park opens in May - Belgrade to get 16,000 sqm retail park, jobs for 600 people

Another valuable Israeli investment will be presented in Belgrade in May 2015. Zemun park, which will be the name of this retail park in our capital city, is going to be a place for real fun and quality family shopping for everyone's taste, the investors announced Wednesday.

Nis gets Stop.Shop shopping mall

One of the most famous catering facilities in Nis, Medijana motel will in future be seen only on photos since construction of business and trading and warehouse center called Stop.Shop. Nis started.

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