The European Bank of Reconstruction and Development has extended a EUR 72 million loan to BIG CEE
Funds to finance the development, upgrading, and acquisition of modern retail parks and shopping centers in Serbia and the Western Balkans.
The EBRD is providing the additional loan of up to EUR 72 million to BIG CEE, a limited liability company incorporated in the Netherlands, as part of a EUR 100 million envelope of loans to support the company’s expansion in Serbia and the Western Balkans.
“We are delighted to support BIG CEE’s expansion in Serbia and the Western Balkans, a move that aligns seamlessly with the EBRD’s Real Estate Sector Strategy 2025-29,” explained Vlaho Kojakovic, EBRD Head of Real Estate. “This strategy emphasizes investing in the green transition, strengthening the resilience of human capital and addressing housing and affordability challenges. Through our newly established partnership with BIG CEE, we endeavor to jointly create sustainable, high-quality retail infrastructure that fosters economic growth and enhances consumer experiences in the region.”
“We are pleased to continue and expand our cooperation with the EBRD in financing four projects in Serbia,” said Alon Bargiora, Chief Financial Officer at BIG CEE Serbia. “This investment includes existing retail centers in Pancevo and Rakovica as well as the construction of new retail parks in Cacak, Sabac, and Bor, which we expect to open in 2025. I want to thank our partners at the EBRD for their trust, cooperation, and contribution to the growth of our business in the Balkans, particularly in Serbia.”
Image source: www.ebrd.com
