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    CWR Realitaten Sells Voco Vienna Prater Hotel to Nowu Hospitality

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    Sarantis Polska Expands Warehouse and Office Space in MLP Pruszkow II

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CTP Strengthens Presence in Serbia with Land Purchase in Kragujevac

David Stuckey by David Stuckey
January 21, 2025
Reading Time:1 min read
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CTP Strengthens Presence in Serbia with Land Purchase in Kragujevac
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CTP has acquired a parcel of land expected to provide 50,000 square meters of lettable space in Kragujevac, Serbia.

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In Serbia, CTP has a standing portfolio of 600,000 square meters, with an additional 200,000 square meters to be delivered in 2025. The land acquired by CTP sits adjacent to CTP’s existing facility in Kragujevac, inside the region’s existing Free Trade Zone, a well-established automotive industrial zone.

Kragujevac is Serbia’s fourth largest city with a strong legacy of automotive and defense industries. According to CTP, “its appeal lies in its competitive advantages, including an affordable and skilled labor force, a strategic location in the heart of the Balkans, and close proximity to several major OEMs and suppliers.”

“CTP’s commitment to Kragujevac underscores the city’s growing reputation as a prime destination for industrial and logistics investments,” said CTB Serbia Business Development Director Petar Kolognat. “This expansion will further bolster the local economy, providing new employment opportunities and enhancing Kragujevac’s connectivity to key markets, as well as creating a dynamic ecosystem for businesses seeking modern facilities and strategic advantages in Southeast Europe.”

Tags: Serbia
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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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