SERBIA Ikea set to begin EUR 50 mln Belgrade retail park

The EUR 50 mln project, formerly known as the Belgrade Shopping Center and Belgrade Retail Park, will cover more than 30,000 sqm and will bring together well-known fashion, sports and brands. Ava Shopping Park will be located in Bubanj Potok, on the south-eastern outskirts of the Serbian capital.

We are very pleased that, despite the difficult circumstances due to the pandemic, we have managed to persevere in what is, we believe, an important investment for the city of Belgrade and the local community. We recently signed a contract with IT Tel & Vila Grad, a domestic company that, with over 800 employees, will be the main contractor. We also hope that our Serbian partners, who have been an important support to the project from the beginning, will soon complete the procedure related to the construction permit, so that the work can start as soon as possible.
Branko Mihajlov, the general manager of the project

The foundation stone is expected to be laid at the beginning of this year. The retail park is expected to generate 400 new jobs.