Press Release
CBRE advised CA Immo on the sale of the Belgrade Office Park
June 23, 2023
CBRE South Eastern Europe (SEE), the largest regional real estate consulting company, has successfully advised CA Immo on the sale of the Belgrade Office Park complex located in Belgrade, Serbia.
CBRE acted as exclusive financial and real estate advisor in the sales process of a two-building office complex in capital of Serbia, which comprises of approximately 27,200 sqm of total lettable space. The office building, which is located close to the city center, was 97% let as of April 30, 2023.
Uroš Grujić, Head of Investment Properties SEE, CBRE, on this occasion said:
“We would like to congratulate to the whole CA Immo team led by Christoph Buchgraber, Senior Investment Manager, on successfully closing this transaction. This is an instrumental transaction for the Belgrade market taking into consideration the worldwide challenges related to interest rates and capital markets in general. Such a transaction proves that the interest for Southeastern Europe is still being active at competitive yield levels.”
Grujić emphasized that by year end, two more transactions of this kind will be transacted making the Belgrade market one of the most active across Europe.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
