One United Properties Plans EUR 234 Million Investment in 2022

May 2022 One United Properties, a major Romanian real estate company, plans to invest EUR 234 million in the expansion of the local market. The company has 4 residential and 2 retail projects under development, with new projects being planned. In the first nine months of 2021, One United Properties posted a turnover of approx. EUR 127 million and a profit of approx. EUR 48 million.

Residential, Business and Shopping Centre Sigma, Sarajevo

April 2022 The Residential, Business, and Shopping Center Sigma is a promising project located in Butmir, Ilidza Municipality, City of Sarajevo. It is located near the Sarajevo International Airport and the city centre. The project is being implemented by Hidrogradnja d.d. Sarajevo, is a construction company founded in 1947. During a more decennial work, Hidrogradnja d.d. Sarajevo has engaged in the construction of low and high-rise buildings, as well as the production of fractions, concrete and concrete products. The company is in the process of preparing a reorganization plan and looking for…

Adriatic Gate Shopping Center

April 2022 The project involves the creation of a center with the public, cultural, entertainment, hotel, and residential facilities as a contribution to the development of tourism in the Kvarner region. It includes the construction of a shopping center with business premises, catering services, parking, a hotel with a wellness center, a multiplex with a congress center, leisure activities, and many other facilities. The project also includes the construction of a part of the road infrastructure and, in the next phase, the construction of a supermarket and two-car showrooms is also planned. The…

5 Star Hotel “Skenderija“, Sarajevo

March 2022  The project involves the construction and renovation of the Skenderija’s plateau (square) and the Ice Hall located in the Sarajevo city centre, on the left bank of Miljacka river. The construction of the Skenderija Centre has begun in June 1967, and it was officially opened on 29 November 1969. The Skenderija Centre covers an area of 70,000m² with multi-purpose halls used during a year for hosting and organization of various sports, cultural, economic and trade fair manifestations. The Centre also includes the “Commercial City” shopping centre with numerous shops, restaurants,…

Ivanica Resort (Municipality of Ravno)

March 2022 The Ivanica Resort is an exciting project located in the south of the country, in the municipality of Ravno, along the border with Croatia, only a few minutes drive from Dubrovnik. The main content of the Ivanica Resort includes a wide range of leisure and sporting activities combined with a major residential development. The key facilities include the following: residential, retail centre, hotel/spa and tennis centre, 18-hole golf course, a budget hotel, equestrian centre, shooting/archery centre and fishing lakes. The project is being implemented by BiS Adriatic, which was formed…

Trading Center VMC (VMC Mall)

March 2022 The VMC Mall is a real estate project located in the city of Sarajevo, Pofalici, in a great location just three minutes from the main bus and train station and the main city road Zmaja od Bosne, in the Municipality of Novo Sarajevo. The project promoter is a company for foreign and domestic trade and services designing, engineering, and consulting. The current status of the project is at the concept stage, and it is planned that the building will cover the land of 10,770m2 and have up to a maximum of six floors (27m maximum height, max 64,620m2).  It will have an underground parking…

Business and Shopping Centre Brijesce, Sarajevo

February 2022 The investment project Business and Shopping Center Brijesce has an excellent location in the settlement of Brijesce, 5km from the center of Sarajevo, not far from the exit to the state highway A1. The project is being implemented by Hidrogradnja d.d. Sarajevo is a construction company founded in 1947. During a more decennial work, Hidrogradnja d.d. Sarajevo has engaged in the construction of low and high-rise buildings, as well as the production of fractions, concrete and concrete products. The company is in the process of preparing a reorganization plan and looking for a strategic…

CA Immo Plans to Sell Its Portfolio in Romania

January 2022 CA Immo, an Austrian real estate company, plans to sell its portfolio of buildings in Romania, comprised of 7 office projects in Bucharest. The total value of the portfolio is EUR 389 million, with a leasable area of 165,000 sqm. 

Sava Turizem is Selling Several Building Plots at the Slovenian Coast

January 2022 Sava Turizem has published tenders for the sale of several building land plots in the Piran and Portoroz area with a total of more than 21,000 square meters of land at an informative price of EUR 3.845 million. Plot 1: 7,500 sqm, informative price EUR 1.4 million Plot 2: 8,552 sqm, informative price EUR 1.02 million Plot 3: 152 sqm, informative price EUR 20,000 Plot 4: 5,075 sqm, informative price EUR 1.455. The deadline for submitting non-binding bids is 25 February 2022.

Sale of a Large Land Near Bucharest

December 2021 Three entrepreneurs in the real estate field, Dan Pascariu, Adrian Tofan, and Matthew Proskine, plan to sell 38 ha of land located in Popesti-Leordeni, a satellite town of Bucharest. The land is valued at approx. EUR 38.6 million.

Controversial Amendments to the Serbian Expropriation Act

November 2021 Author: Dragoljub Cibulic On 26 November 2021, the National Assembly enacted the amendments to the Expropriation Act (“Amendments“), legislation that originates from 1995 and has not been significantly updated since 2009. A number of public intellectuals, NGOs, and opposition parties have loudly criticised the Amendments. We outline below the most important changes. The notion of public interest By far the most controversial provision of the Amendments is the expansion of the notion of public interest. According to the Serbian Constitution, private property may be expropriated…

Sale of Industrial Park Belgrade

September 2021 Sale of 51-100% of equity in one of the largest industrial parks in the SEE region with a total of five existing facilities, and two in a pre-construction phase, located in the industrial zone near Belgrade.