Belgrade, Serbia

First Land Deal For Colliers Serbia - 85,000 m2 of logistics and industrial facilities to be built

May 12, 2008, Belgrade – Belgian company Immo Industry Group (IIG) and Colliers International Serbia have announced the Serbia’s first logistics and industrial park.

85,000 m2 of logistics and industrial facilities will be constructed on a 17 Ha site on the E-75 highway, next to Stara Pazova. The location makes it a prime site for logistics activities. The Land, Logistics and Industrial Department of Colliers International Serbia concluded the land deal, the first such for Colliers in Serbia.

Immo Industry Group develops tailor-made industrial real estate in Europe, as a standalone project or in an industrial park and takes full responsibility from the design to the handover of an operational building.

Bratislav Lacmanovic, representative of IIG in Serbia, said: “The IIG Industrial Park Belgrade is ideal for time-sensitive clients who insist on a high-quality cost-optimised development at a strategic location in Serbia. Each of our developments start from our client’s requirements, to which we apply our wide experience in engineering, logistics and industrial process consulting, financing, contracting and facility management. The end result for our client is a tailor-made, high standards facility with a reduced surface area and lower investment and operational costs, as many of the park’s costs are spread over all of its tenants. IIG has 18 industrial parks, mainly in Central and Eastern Europe, Russia and the CIS, and we are convinced that IIG’s unique, tailor-made real estate approach will be attractive to companies who want to expand to Serbia.”

Colliers International Serbia established its Land, Logistics & Industrial department nearly a year ago and hard work finally started to pay off.

Ivan Simic, real estate consultant with Colliers International was the selling agent responsible for making this deal happen. Mr. Simic said: Since Colliers is providing full scope of real estate services, including legal advisory, building consultancy and marketing, we were able to custom design a team of  experts who were engaged in making this deal happen. This definitely makes us competitive on the Serbian market and that is something foreign investor appreciate."

Jovica Jakovac, Managing Director of Colliers International Serbia, concluded: “We are very proud to be involved with the first logistics and industrial park in Serbia. We think Serbia’s strategic location, highly-trained workforce, good logistics infrastructure and advantageous trade arrangements with countries like Russia means that it has a very bright future in industrial development.”

About Colliers International

Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 11,000 employees span the world in 293 offices in 61 countries. On a worldwide basis, Colliers manages 868 million square feet, and has revenue of US $2.0 billion.

Contact Information

serbia@colliers.com

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