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…
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.
Uncertain Issues On Residence And Workplace Leases
Authors: Busra Ozden, Merve Tuzmen
In this first part of a series of articles on disputed lease provisions of the Turkish Code of Obligations (the “TCO”) with respect to residences and roofed workplaces, we address whether the parties are free to determine the rental fee after the end of each five-year period.
The TCO allows the parties to determine the rent increase rate in residence and roofed workplace leases subject to limitations. Article 344 of the TCO explicitly sets forth the annual rent increase rules that apply within each five-year period, both for the Turkish lira and for foreign…
National Cadastre: Commencement of submission of real property statements for Rethymno (Crete) and Cyclades
Authors: Kimon Tsakiris, Katerina Politi
In relation to the progress and completion of the project of the National Cadastre, on Wednesday, June 30, 2021, commenced the collection of ownership statements for the areas of Rethymnon. The deadline for submitting declarations for the area of Rethymnon ends on 30.09.2021 for the residents of Greece and on 30.12.2021 for those permanently residing abroad and the Greek State.
Also, on Monday, July 5, 2021, the collection of property declarations for the area of the Cyclades islands began. The deadline for submitting declarations for the Cyclades ends…
Indotek Group to Acquire GTC’s Serbian Office Portfolio
Hungarian real estate investor Indotek Group has signed a sale and purchase agreement for the purchase of 11 office buildings from Globe Trade Centre (GTC) for the proposed acquisition price of EUR 267,6 million. The GTC office portfolio is located in New Belgrade, a prime business district in Belgrade, and consists of 11 premium quality office buildings within five business parks – Green Heart, FortyOne, Belgrade Business Center, 19 Avenue and GTC House, with a total of 122,175 square metres GLA.
Indotek Group is a Hungarian property investment, utilization and development company. Its portfolio…
