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Home Countries Serbia

Big CEE Acquires Promenada Shopping Mall in Novi Sad from Nepi Rockcastle

David Stuckey by David Stuckey
October 15, 2024
Reading Time:1 min read
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Big CEE Acquires Promenada Shopping Mall in Novi Sad from Nepi Rockcastle
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Big CEE, a subsidiary of Big Shopping Centers, has purchased the Promenada shopping mall in Novi Sad from Nepi Rockcastle for EUR 177 million, in what is reported to be Serbia´s largest retail transaction ever.

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As part of the transaction structure, EUR 105 million will be financed through a loan from leading European banks.

The Promenada mall has a gross leasable area of 49,200 square meters and is fully occupied, with an annual footfall of 10 million. Among the mall’s tenants are brands such as ZARA, Nike, Adidas, Tommy Hilfiger, Calvin Klein, Hugo Boss, NewYorker, Sephora, Pandora, Replay, a concept store by Ikea, and LPP group brands. The mall also includes a large supermarket, cinema, and an entertainment and dining complex.

Image source: property-forum.eu

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David Stuckey

David Stuckey

A founder and former Executive Editor of CEE Legal Matters Kft., now writing for CEE Real Estate Matters. A professional writer, editor, publisher, consultant, and entrepreneur, and an amateur tennis player, cinephile, and bon vivant.

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CEE Real Estate Matters

CEE Real Estate Matters is an online and eZine format publication dedicated to the fast-moving real estate markets in Central and Eastern Europe. Our diligent team of journalists works tirelessly to bring about news and analysis in five key areas: residential, office, retail, logistics and proptech. We guide real estate professionals through the complexities of these sectors, from stand-out development projects and deals, to financing, legislation and big executive moves.


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