October 08, 2014

GTC breaks ground at Fortyone office complex in Belgrade

GTC breaks ground at Fortyone office complex in Belgrade

GTC has recently held an official ground breaking ceremony for its newest project in Serbia – the Class-A Fortyone office complex - with the presence of Sinisa Mali, Mayor of the city of Belgrade, and Thomas Kurzmann, GTC’s Chief Executive Officer.

“We are very satisfied with the performance of our existing office portfolio in Belgrade pretty strong tenants’ demand beyond availability of space is supporting our decision to start construction of the new office building. We are proud to say that the first building of the Fortyone office complex is 60 percent preleased before the first shove was put in to the ground,” said Thomas Kurzmann, GTC’s CEO.

Fortyone office complex will add over 27,000 sqm of Class A office space to the market, in three separate phases. The first building will offer its tenants approx. 10,000 sqm. The building, featuring raised floors and offering flexible floor division, will allow its tenants to efficiently plan their office space and to create comfortable work environment for their employees. Phase one of the investment is planned for completion in the third quarter of 2015.

“We are proud to be able to deliver the first office building in Serbia designed and constructed in accordance with LEED Gold standards. It will provide the highest standard of office environment in combination with low energy consumption and optimized operating expenses. Additionally, it will be the first complex larger than 5,000 sqm to be delivered in Belgrade during the last 5 years,” added Thomas Kurzmann.

Fortyone will be located in the prominent corner of New Belgrade, at the intersection of Milutina Milankovica Boulevard and Umetnosti Boulevard, a place both close to centre of the city and the airport, as well as one conveniently connected with the main highway. For the convenience of the tenants, the building will offer close to 500 ground and underground parking places. Each of the buildings will include retail facilities to improve the working environment of the tenants.

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