First international-style shopping mall in Montenegro to open this summer
26.03.2008
The first international-style shopping mall in Montenegro, Delta City in Podgorica, is set to open this summer. Colliers International is the exclusive leasing agent, previously responsible for the resounding success of the leasing of Delta City in Belgrade, which featured a host of big international retailers.
Delta City will have a GLA of 24,000 sqm. Located three kilometers from the centre of Podgorica, its primary catchment area – the entire city of Podgorica – will be nearly 200,000 people. Its secondary catchment area, the center and south of the country, raises that figure to nearly 450,000 people, or nearly two thirds of the country.
The development will include a cineplex and a supermarket as anchor tenants, and there will also be entertainment facilities and a food court.
Delta Real Estate is the leading shopping mall developer in Serbia and the region. Currently, Delta Real Estate is undertaking work on another ground-breaking mall in Belgrade, Delta Planet, and has significant regional plans for expansion.
Miodrag Gazibara, Key Accounts Manager at Colliers International Serbia, is responsible for bringing some of the big name international retailers to Montenegro. He said, “We think that the people of Podgorica are going to be very excited by the quality of the retailers that we are bringing to town! This mall is going to transform shopping in Montenegro!”
Jovica Jakovac, Managing Director of Colliers International Serbia, said, “We are extremely proud to have worked with Delta Real Estate on both Delta City in Podgorica and Delta City in Belgrade. We are both the clear market leaders in our fields, and together we are able to deliver a great product to the marketplace!”
Andreas Marambos, Managing Director, Colliers International Montenegro, concluded, “We are very proud to be bringing a landmark project like this to the people of Montenegro and we look forward to delivering more outstanding developments here.”
Colliers International is a global partnership of independently owned commercial real estate firms. The organization's 9,327 employees span the world in 241 offices in 54 countries. On a worldwide basis, Colliers manages 595,725,580 square feet, and has revenue of $US 1,442,478,223.
For more information about Colliers International, visit www.colliers.com.