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CMS Advises Banca Intesa Belgrade on Financing Construction of Delta Planet Nis Shopping Mall

CMS Advises Banca Intesa Belgrade on Financing Construction of Delta Planet Nis Shopping Mall

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CMS’s Belgrade office has advised Banca Intesa Belgrade on financing provided to Delta Real Estate for the development of the Delta Planet Nis shopping mall in Nis, Serbia.

According to CMS, the project is valued at EUR 70 million and is expected to be completed in 2021. Delta Planet Nis, according to the firm, “will be the largest shopping mall in Nis, covering 40,000 square meters.” The firm reports that, “the new shopping center will have two levels and … [will offer] a large selection of international and local fashion brands, as well as restaurants, cafes, playrooms for children, and more than 800 parking spaces.”

Delta Real Estate is a real estate developer that focuses on Serbia, Slovenia, Bosnia & Herzegovina, and Bulgaria. The company’s portfolio includes shopping malls, retail parks, hotels, and retail, office, and residential space in Serbia and the region, as well as a number of logistics centers, car dealerships, and endowment projects.

CMS’s team consisted of Partners Ivan Gazdic and Milica Popovic, among others.

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