The developer company Delta Real Estate sold shopping centers Delta City in Belgrad (Serbia) and Podgoritsa (Montenegro) to joint venture of the South African company Hyprop, the investment fund largest in the country, specializing on trade real estate, and the American company Homestead Funds for 202,7 million euros. The company JLL acted as the consultant of the transaction which is the largest transaction on sale of a single asset in Southeast Europe for the last five years.
"Serbia before conceding in demand from investors to the neighbors in the region, attracts more and more interest of the international players, - Andrew Pearson, the managing director of the company makes comments on JLL on the region of Southeast Europe and Romania . – We are glad that we managed to prove the capacity of the country of Hyprop and Homestead Funds and to convince them of compliance of these assets of investment strategy of funds. The qualitative trade real estate in Serbia and Montenegro becomes a successful investment for this joint venture".
"Transactions of similar scale we did not observe p many years – it is the evidence of growth of interest of the international investors to Serbia and other countries of the region, - are added by Uros Gruzhich, the head of department of the financial markets and JLL company investments in Southeast Europe . – We also observe expansion of geography of the investors considering opportunities in Southeast Europe: in 2015 demand to the region was observed from not such traditional countries, as Germany, France and Great Britain. We are sure that this tendency will remain and in the future as the international players will look for more actively than opportunity for more favorable investments out of the traditional markets of the Central Europe".
Earlier, in December, 2015, JLL acted as the consultant of the South African fund Attenbury in the transaction on purchase of a third of actions of the Serbian company MPC Holdings in which portfolio there is a shopping center Usce.
on March 04, 2016 16:38
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