The past year was marked by a real boom in construction in Serbia, especially in its capital. The great demand for apartments has led to numerous investments in new buildings, and the focus was placed on attractive locations and modern architecture, as well as on additional features every resident needs, but also on luxury details.
Plenty attention was put on office spaces as well, primarily on how comfortable and innovative they are. A special segment consists of those pertaining to logistics. The market is developing at an increased pace in Serbia, and the construction of road infrastructure has stimulated investors to secure the best positions.
These are the 10 projects which our readers found the most interesting when it comes to real estate:CTP Industrial Park
The first spot
belongs to CTP Industrial Park. The Dutch company CTP Invest
began raising a distribution-logistics center
of 14,110 m2 in April 2019 on an area of 2.5 ha in the industrial zone in Simanovci. The first tenant, Emmezeta
, moved in this August. A half of the total space is reserved for this company.
This is part of the Belgrade West project, the first part of which consists of a building bought from Phoenix
Pharm. The building has 10,227 m2 on 3.5 hectares of land, with the possibility of expansion by 5,500 m2. The facility is part of the Belgrade West park, which is a distinct entity.
In addition to the facilities at the Municipality of Pecinci, CTP Invest was also realizing projects in Novi Sad, Kragujevac and Novi Banovci, of a total area of around 150,000 m2 and a total investment value of around EUR 100 million
The construction in Kragujevac began in May, on an area of 26,686 m2. The process of the construction of an industrial park
of a total of 25,000 m2 was being finished in September, and an announcement was made that the factory would be put into operation in late 2019.
It was also said that the investment of EUR 16 million would lead to the creation of around 800 jobs in the city of Kragujevac and the surrounding places.
The facility in Novi Sad should open in the first quarter of 2020, according to the plan. An agreement was reached with BMTS Technology
about the construction of another factory in Novi Sad.
The Belgrade North project
in Novi Banovci consists of a complex of three facilities, and this should be the largest logistics center near Belgrade, with a total area of 70,000 m2. The land on which the industrial park is to be built is located right next to the A1 highway.Office-residential complex in Marina Dorcol location
The office-residential complex in the Marina Dorcol location placed second
. In August 2019, it was announced that the Belgrade Land Development Public Agency would open an ad for the alienation of building land in Marina Dorcol on August 14, and the bidding was scheduled for September 13
The initial price at the public bidding was RSD 3.8 billion, which was the estimated market value of the 4-ha land. In September, it was announced that the Czech company MD Investments 2000 was the purchaser of the building land in this location
It was the only bidder and the land was sold at the initial price. As the company's director, Peter Dajko, told eKapija
, the construction of an office-residential complex in this location should begin 18 months from the purchase.
– In this location, we will build an architecturally fantastic residential-commercial complex, including the Marina, which gives the location its spirit. The preparation of the architectural study will take half a year and I believe that we will be able to start building in 18 months.
It was also said that the City of Belgrade, with the help of the Belgrade Land Development Public Agency, would provide access to the complex through two public traffic routes, which are planned on the western side of the complex, whereas the investor will be obliged to build all the utility installations within the complex for the purpose of connecting with the public infrastructure.West 65 Tower
The third spot
is reserved for the residential-office complex West 65 of PSP-Farman Holding
, with 447 apartments and 72 business spaces in 11 residential facilities. In 2018, the construction of the second phase began, entailing West 65 Tower, and the works on West 65 Mall began in the autumn of 2019. The aboveground area amounts to 53,436 m2.
On 13,090 m2, West 65 mall will offer fashion products, home development goods, electronics and an exclusive market with a section for organic food and other special features. The facility will feature state-of-the-art air-conditioning and ventilation systems, as well as 25 parking spaces.
The completion of the construction of West 65 Mall is planned for the end of 2020, whereas West 65 Tower should be completed in late June 2021.