October 06, 2015

GTC officially opens FortyOne office building in Belgrade

GTC officially opens FortyOne office building in Belgrade

Exactly one year after the start of construction, Globe Trade Centre (GTC) has opened the first building within the business complex FortyOne located in Belgrade, Serbia. The opening ceremony was witnessed by some 300 guests, including the major of Belgrade.

Thomas Kurzmann, the chairman of the GTC Managing Board and Belgrade Mayor Sinisa Mali had the honour to officially opening FortyOne to the numerous guests at the opening ceremony.

“I am very happy to announce that we have successfully completed the first building of the FortyOne office complex, and we move ahead to develop the 2nd phase of the project. FortyOne’s uniqueness and its ability to meet the growing needs of the tenants are an outstanding contribution of GTC to Belgrades market,” commented Thomas Kurzmann. “Renowned tenants, such as Halkbank, Regus, Robert Bosch, Tetra Pak and Avon, have already picked FortyOne to house their offices,” he added.

The second phase, directly facing Milutina Milankovica Boulevard, is set to bring 8,000 sqm of A-Class office space to the market in Q3 2016. The new building will house the headquarters of Turkey's Halkbank that has just entered the market of Serbia.

“The FortyOne project is a complex which meets the world's highest standards and comprises three business buildings in an ideal location in New Belgrade,” added Thomas Kurzmann. “This A-Class office space has been built in line with the LEED certificate, and is intended for the most demanding tenants.”

The project's first phase has been financed with a construction loan agreement of €9.5 million from Raiffeisen Bank. “We are very pleased that we could attract finance from Raiffeisen for the first phase of the FortyOne office project. This continues a long-term successful partnership with the bank,” commented Thomas Kurzmann.

Development of FortyOne is part of GTC’s strategy to grow through development of selected office and retail projects that meet tenant’ demand, and acquisition of value added cash-generating assets in capital cities in the region.

The first building with a total lease area of 10,000 sqm is currently 92 percent leased. In total the office complex will add a total of 27,000 sqm of Class A office space to the market and it will be built in three phases.

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