SERBIA GTC sells Belgrade portfolio to Indotek
Investment & financeschedule 25 May 2021
Green Heart (46,000 sqm) is one of the business parks sold in the deal
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Globe Trade Centre has signed an agreement to sell its office portfolio in Belgrade to Hungarian investor Indotek for EUR 267.6 mln.
The transaction, which concerns eleven buildings in five business parks with a combined area of 122,175 sqm, is due to close in Q3 2021. The properties include Green Heart, FortyOne, Belgrade Business Center, 19 Avenue and GTC House, each of which are located in the New Belgrade district. According to GTC, once completed the transaction will be one of the biggest on the CEE market in the last five years. The acquisition price is EUR 2 mln above the book value of the properties at the end of last
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