Investment in Serbia
Following its investing activity in Romania and Bulgaria, LAMDA Development S.A. strengthens its presence in South-eastern Europe, with its first development in Serbia through the purchase of a plot of land in Beograd, by its 100% subsidiary LAMDA DEVELOPMENT DOO BEOGRAD.
The plot of approximately 3.000 sq.m. is situated in the centre of Beograd, in the area of Vracar, an area of upgraded residential developments. The price of the plot was 2,9 million and the Company will develop a residential complex of approximately 11.000 sq. m. The total cost of the investment is expected to reach 15 million.
