Podgorica, Montenegro

Delta City being leased by Colliers International 

The first international-style shopping mall in Montenegro, Delta City in Podgorica, is set to open this summer. Colliers International is the exclusive leasing agent, previously responsible for the resounding success of the leasing of Delta City in Belgrade, which featured a host of big international retailers.

Delta City will have a GLA of 24,000 m². Located three kilometers from the center of Podgorica, its primary catchment area – the entire city of Podgorica – will be nearly 200,000 people. Its secondary catchment area, the center and south of the country, raises that figure to nearly 450,000 people, or nearly two thirds of the country.

The development will include a cineplex and a supermarket as anchor tenants, and there will also be entertainment facilities and a food court.

Delta Real Estate is the leading shopping mall developer in Serbia and the region. Currently, Delta Real Estate is undertaking work on another ground-breaking mall in Belgrade, Delta Planet, and has significant regional plans for expansion.

Miodrag Gazibara, Key Accounts Manager at Colliers International Serbia, is responsible for bringing some of the big name international retailers to Montenegro. He said, “We think that the people of Podgorica are going to be very excited by the quality of the retailers that we are bringing to town! This mall is going to transform shopping in Montenegro!”

Jovica Jakovac, Managing Director of Colliers International Serbia, said, “We are extremely proud to have worked with Delta Real Estate on both Delta City in Podgorica and Delta City in Belgrade. We are both the clear market leaders in our fields, and together we are able to deliver a great product to the marketplace!”

Andreas Marambos, Managing Director, Colliers International Montenegro, concluded, “We are very proud to be bringing a landmark project like this to the people of Montenegro and we look forward to delivering more outstanding developments here.”

About Colliers International

Colliers Macaulay Nicolls Inc. (CMN) operating as Colliers International is a leading global real estate services company that provides a full range of services to real estate users, owners and investors worldwide. Colliers operates in 293 offices in 61 countries.  Services include brokerage, property management, hotel investment sales and consulting, corporate services, valuation, consulting and appraisal services, mortgage banking and research.  Colliers International is a worldwide affiliation of independently owned and operated companies.  Locally, Colliers professionals serve clients throughout Montenegro. Find out more at www.colliers.com/montenegro

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