Cyprus-based Marera Investment Group has completed the acquisition of Coreside, the Serbian associate of real estate services provider Savills.
The acquisition should bring a market advantage for Marera investment Group over competitors, as the company will now provide a comprehensive suite of real estate management services, it said in a statement on Thursday without revealing financial details of the transaction.
According to data from Serbia’s business register, Marera investment Group has acquired 55% interest in Coreside from its board director Dejan Stanarcevic, who kept a 45% stake in the company.
Coreside will also bring added value through its knowledge of the new market segment launched by Marera Investment Group this year – flexible offices by Desk&More brand, Marera said.
Marera Properties, the property management unit of Marera Investment Group, has taken a leading position in the flexible offices segment with the opening of two office spaces, spanning over a total area of 4,500 square meters, it added.
Established in 2009, Marera Properties is active in the acquisition, development, leasing, and management of commercial properties across Serbia, SeeNews reports.
