BIG CEE has signed a financing agreement with the European Bank for Reconstruction and Development (EBRD) worth €100 million. BIG CEE will use the funds for its development in the Balkans to build three new retail parks in Serbia, further expanding its network. In addition, part of the funds will be allocated to refinancing two existing retail parks.
The projects supported by EBRD funding include new retail parks in Čačak, Šabac, and Bor, with their opening scheduled for the end of 2025. The first phase of these centres will add 40,000 sqm to BIG CEE’s portfolio. The properties in Šabac and Čačak introduce an entirely new format to the market, featuring a “lifestyle” concept that combines high-end shopping, gastronomy, and entertainment, providing visitors with a unique experience in every aspect. By the end of the year, the company’s portfolio will reach nearly 450,000 sqm. In addition to financing new projects, a significant portion of the funds will be directed toward refinancing existing centres in Rakovica and Pančevo.
“We are pleased to continue and expand our cooperation with the European Bank for Reconstruction and Development (EBRD) in financing six existing projects in Serbia. This investment includes the refinancing of centres in Pančevo and Rakovica, as well as the construction of retail parks in Čačak, Šabac, and Bor, whose opening we eagerly anticipate by the end of 2025. I want to thank our colleagues at EBRD for their trust and cooperation, as their dedication contributes to the growth of our business in the Balkans, particularly in Serbia, through this credit line,” said Alon Bargiora, CFO of BIG CEE.
“We are delighted to support BIG CEE’s expansion in Serbia and the Western Balkans, a move that aligns seamlessly with the EBRD’s Real Estate Sector Strategy 2025-2029,” added Vlaho Kojaković, EBRD Director, Head of Real Estate. “This strategy emphasises investing in the green transition, strengthening human capital resilience, and addressing housing and affordability challenges. Through our newly established partnership with BIG, we endeavour to jointly create sustainable, high-quality retail infrastructure that fosters economic growth and enhances consumer experiences in the region.”
The cooperation with EBRD reaffirms BIG CEE’s commitment to sustainable development and investments that enable long-term growth in the Balkans. Through continuous investments, the company constantly enhances and expands its portfolio, strengthens brand recognition among local consumers, and elevates the experience for visitors at all locations.
