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GTC opens Ada Mall in Belgrade

Author Radomir Ralev
GTC opens Ada Mall in Belgrade Ada Mall; Source: Belgrade City Government

BELGRADE (Serbia), May 24 (SeeNews) – Polish real estate developer Globe Trade Centre (GTC) has opened the Ada Mall in Serbia's capital Belgrade, the city council said on Friday.

With the opening of Ada Mall, GTC creates about 1,000 jobs in Belgrade, mayor Zoran Radojicic said during the opening ceremony, according to a press release issued by the city government.

"Ada Mall is a symbol of the policy that has been taking place in Belgrade over the last six years. Two years ago, in this place there was an old and abandoned factory, and today we have a facility in which the citizens of Belgrade will be able to spend time or make purchases," Radojicic said.

GTC has signed pre-lease contracts for 97% of the retail space of the Ada Mall thus far, the company said last week.

In 2017, GTC signed a 64 million euro ($71.6 million) agreement with Banca Intesa Beograd, Slovakia's Vseobecna uverova banka (VUB) and Croatia's Privredna banka Zagreb (PBZ), all members of Intesa Sanpaolo Group, for the financing of the construction project.

GTC has said that it plans to open two buildings of the Green Heart office complex in Belgrade this year and a third building of the complex in 2020.

The Polish company has already completed the construction of seven office buildings in Serbia, all of them in Belgrade. Elsewhere in Southeast Europe, GTC is present in Croatia, Romania and Bulgaria.

($ = 0.894023 euro)