Markovic Vukotic Jovkovic has advised IKEA on the construction and opening of a retail park in Belgrade, next to an existing IKEA store.
Ava Shopping Park is positioned right next to an existing IKEA store in the Bubanj Potok municipality. The project represents a EUR 50 million investment by IKEA, covering 19,000 square meters and housing over 35 domestic and international brands. According to IKEA General Project Manager Branko Mihajlov an additional 10,000 square meters will be developed soon.
Editor's Note: After this article was published, MVJ informed CEE Legal Matters that their team working on the deal included Partners Nikola Vukotic, Uros Markovic, and Dusan Djordjevic and Senior Associates Lazar Todosijevic, Marija Grujeska, and Bojana Racanovic.
