The first quarter of 2017 saw the same level of commercial property investments in Serbia as took place in 2016, according to research by KPMG. Half of the transactions that took place were in the retail sector and most were carried about by foreign investors. The KPMG survey shows that investors in Serbia make 9.25 percent yields on their office investments, 7.75 percent on retail center investments, while industrial facilities produce returns that average 11.25 percent.
In Q1 2017 the biggest transaction was purchasing shopping mall Belgrade Plaza by Israeli BIG Shopping centers, while the company is also building a shopping center in Belgrade. Immofinanz, NEPI, Aviv Arlon and the Czech-based RC Reinvest have also made considerable bets on the country’s retail sector.
