ZORANA ŽDRALE BURLIĆ, CEO of Delta Real Estate: INVESTMENTS IN BOTH SERBIA AND THE REGION

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Delta Real Estate is already positioned as a regional company in the real estate business

In addition to the planned investments in Serbia, and announced investments of 400 million euro, Delta Real Estate continues to expand in the region. Apart from opening a hotel in Ljubljana, the company is also planning to open two shopping malls there. In Bulgaria, we are planning to build a complex in the one of the most popular tourist centres Varna, and in Banja Luka, the company is building a largest shopping mall in the Republic of Srpska and Bosnia and Herzegovina that will be opened in the first quarter of 2019.

For some time, Delta has been announcing regional expansion in the real estate business. How is the construction of the planned shopping malls going?

Delta Real Estate is already positioned as a regional company in the real estate business. Apart from opening the InterContinental Hotel in Ljubljana, the company is also planning to open two shopping malls there. We are currently building in Varna, the second largest city in Bulgaria and the most important tourist center of this country, which yearly sees more than one million tourists. The Delta Planet Varna project is nearing completion. At this moment, 90% of works are completed. This shopping mall has over 160 different purpose shops and a cinema with 12 theatres and state-ofthe-art technology – the first 4DX – is in in Varna, which is the second largest city in Bulgaria and the most important tourist center of this country, which has one million tourists vacationing here every year. The shopping mall in Banja Luka, the largest in the Republic of Srpska and Bosnia and Herzegovina, will be opened in the first quarter of next year. The construction of the mall’s building is almost completely finished. The works on the installation of roof coverings and facade are in full swing, and the first tenants will begin to decorate the interior of their premises in the mall in early autumn. In addition to a number of new shops, the Mall will also have the largest cinema in this part of the world, with 6 cmovie theatres, as well as a a supermarket, restaurants and around 1,000 parking spaces.

How far along are you with the implementation of Delta’s projects in Serbia?

In addition to the investments in the region, Delta is also planning to implement very significant projects in Serbia. We are ready to invest 400 million euro and open three construction sites in Belgrade. In Block 19, we are planning to build a Delta Centre, that will house the InterContinental Hotel Belgrade. There will also be a business building with modernoffice space and an exclusive shopping and restaurant area. The complex will comprise of an underground parking garage with almost 600 parking spaces. The entire business complex will have a modern appearance and will represent a unique green business oasis. We are still in a design phase, and the value of this investment is 130 million euro. The super regional shopping mall, Delta Planet at Autokomanda will cost 200 million euro to complete. The plan is to build a new business building for Delta Holding, which will have nine office levels, a fitness centre, a restaurant, an underground garage with almost 200 parking spaces, etc.

When are you going to start constructing these facilities?

The financing and technical documentation for these projects are both in place and the construction of these facilities could begin 15 days after obtaining all the required permits.

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