The investor announced laying the foundations for commercial and residential facility in mid-2012, but the works have not started yet.
Head of the City Planning and Construction Department, Rodoljub Mihajlovic confirmed that Colliers International Serbia last week submitted a request for the issuance of location conditions which is a prerequisite for obtaining a construction permit.
According to initial announcements, US company should invest app. EUR 60 m in the construction of “New Nis”. It is planned that the complex should contain a modern business center, hotel, housing area on app. 100,000 m2, shopping center, aqua park, sports fields, swimming pool, university building, dormitory, luxury apartments and a hospital.
All facilities, according to original agreement, should be completed by 2022.