CPI Property Group has appointed CBRE as the manager of its STOP SHOP retail park portfolio in Serbia, which includes 14 facilities in 14 cities, with over 120,000 square meters of leasing space. CBRE Property Management will provide integrated property management solutions, including financial services, leasing services, and oversee all operational aspects related to the operations of the facilities and tenants.
“We are very proud of the mandate to manage the STOP SHOP retail parks in Serbia, especially considering that we started cooperation with this client in our region in January 2022 when we took over the management of the STOP SHOP retail park portfolio in Slovenia, which also includes 14 facilities with nearly 100,000 square meters of leasing space,” said Ivana Maksimović, Director of Real Estate Management and Retail for the Southeast Europe region at CBRE.
“Including the STOP SHOP facilities in Serbia, the CBRE real estate management team now manages a portfolio of over 385,000 square meters of leasing space and 34 facilities of various purposes, including business, logistics, and retail properties, in three Southeast European markets. This scale of business, together with the CBRE global network, allows our clients access to best practices and expertise in portfolio optimization and the ability to provide additional value to their tenants. We are grateful to CPI Property Group, and especially their team in Serbia, for recognizing the benefits that this collaboration can bring and trusting us,” emphasized Maksimović.
CPI Property Group continues to invest in sustainable solutions within the STOP SHOP retail parks and sets significant trends in the market, as well as numerous green construction standards. The completion of the second phase of the STOP SHOP facility in Subotica is expected in 2024, after which it will become one of the largest in Serbia, with a total area of ​​15,500 square meters. Expansion of the retail park capacity in Smederevo is also planned in the coming period.
As Maksimović pointed out, the role and value of the property manager are explicitly clear even in the case of newly constructed facilities equipped with state-of-the-art technology, modern design, and advanced construction methodologies.
“The ubiquitous challenge in real estate management is innovation and ingenuity in maximizing efficiency, even in areas where it already exists. There is an increasing emphasis on ESG segments and sustainability regardless of the type of property. In addition, there is a growing focus on the well-being and satisfaction of employees, users, and visitors to the properties we manage. We are monitoring these changes and enabling our clients and their tenants to continue developing their businesses smoothly.”
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