Israel's BIG opens EUR 50mn shopping centre in Serbia.

By bne IntelliNews October 12, 2012
Israel's BIG Group opened a EUR 50mn shopping centre in Serbia's second largest city of Novi Sad on Thursday, Oct 11, the Serb government said in a statement. The centre covers an area of 40,000 square metres and will employ some 500 workers. According to BIG's website, the company plans to develop another shopping centre in Serbia - in the central town of Jagodina, which will stretch on 47,000 square metres and will have a gross leasable area of 14,000 sq m. According to Bloomberg, BIG plans to open 10 open-air malls in Serbia in cities of more than 100,000 people, including the capital Belgrade. BIG operates some 55 malls in Israel, the US, India and Serbia.

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