DEVELOPMENT PROPERTY FOR SALE BELGRADE, SERBIA

DEVELOPMENT PROPERTY FOR SALE BELGRADE, SERBIA

Serbia Serbia is an open economy in South-Eastern Europe with remarkable economic growth potential. Situated at the crossroads between Central and Southeast Europe, Serbia covers the southern part of the Pannonian Plain and the central Balkans. The country has a total population of approximately 7 million people, 59.4% of which reside in urban areas. Belgrade is the capital of the country. According to the IMF, Serbian nominal GDP in 2017 is officially estimated at $39.366 billion or $5,599 per capita. The economy is dominated by services which accounts for 60.8% of GDP, followed by industry with 31.3% of GDP, and agriculture at 7.9% of GDP. The official currency of Serbia is Serbian dinar (ISO code: RSD), and the central bank is National Bank of Serbia. The Belgrade Stock Exchange is the only stock exchange in the country, with market capitalization of $8.65 billion and BELEX15 as the main index representing the 15 most liquid stocks. In the recent years, Serbia has seen a major increase of foreign investments, especially from European Union countries. Blue-chip corporations making investments include: Fiat Chrysler Automobiles, Siemens, Bosch, Philip Morris, Michelin, Coca-Cola, Carlsberg and others. In the energy sector, Russian energy giants, Gazprom and Lukoil have made large investments. The country has free trade agreements with the EFTA and CEFTA, a preferential trade regime with the European Union, a Generalized System of Preferences with the United States, and individual free trade agreements with Russia, Belarus, Kazakhstan, and Turkey.

Belgrade Belgrade is the capital and largest city of Serbia. It is located at the confluence of the Sava and Danube rivers, where the Pannonian Plain meets the Balkans. The urban area of the City of Belgrade has a population of 1,23 million, while nearly 1,7 million people live within its administrative limits. Belgrade has a special administrative status within Serbia and it is one of five statistical regions of Serbia. Its metropolitan territory is divided into 17 municipalities, each with its own local council. The city of Belgrade covers 3.6% of Serbia's territory, and around 24% of the country's population lives within its administrative limits. It is classified as a Beta-Global City. Belgrade is the financial center of Serbia and Southeast Europe, with a total of 17 million square meters (180 million square feet) of office space. It is also home to the country's Central Bank. Currently, over 600,000 people are employed in 120,286 companies, 60,000 enterprises and 50,000 shops. The City of Belgrade owns 267,147 square meters (2,875,550 square feet) of rentable office space. As at 2009, Belgrade contained 31.4% of Serbia's employed population and generated over 40% of its GDP. The City's nominal GDP in 2014 was estimated at 16.97 billion USD, amounting to 859,329 RSD (10,086 USD) per capita. GDP at purchasing power parity was estimated at 36.1bn USD, which was 31,461 USD per capita in terms of purchasing power parity.

Development Property Property is located in the Municipality Vracar in Belgrade, at 64A, Milesevska Street. Located in one of the most attractive parts of Belgrade, the property offers numerous development possibilities. Suitable for residential, commercial or tourist development.

Property information Cadastral number of the property: 2537/5 Cadastral Municipality Vracar Address: 64A, Milesevska Street, Belgrade Detailed regulation plan provided the possibility of reconstructing the existing theater building by constructing another floor within the existing theater hall, including a part of the building that is used as a cinema Avala in the existing surface area. Within the defined building lot, in the part facing Jovana Rajica and Danicareva streets, in the existing condition, the auxiliary facilities in the function of the theater have been recorded, which are planned for replacement by the construction of new facilities that can be freestanding buildings or can be upgraded.

Development parameters Complex surface area: 4,031m 2 Lot coverage: 2.30 Floor area ratio: 0.76% Number of floors: G + 2 (Preferable: G + 3) Parking space: minimum of 96 parking spaces (Preferable: Underground garage with 100 parking spaces built on the building lot 92-1

Development parameters Modern architectural solutions are recommended using new materials and technologies. The relation of the masses to the rhythm of facades, the relation of the details to the whole complex, the relation of height regulation to the whole complex, the relation of the height regulation to the profile of the street and the silhouette of the city, should represent an imperative in the process of architectural design of buildings. The plan provides the possibility of constructing several buildings on the lot, with the recommendation that the buildings be connected to a single floor by the ceiling or the roof structure. It is recommended to design flat roof surfaces, which does not exclude the possibility of designing sloping roof surfaces, with the maximum inclination of roof surfaces of upto 25.

Development parameters Construction of multiple buildings on the lot, provided that the following parameters are met: Minimum distance of buildings on the same lot is 1/2 of the building height. Can not be less than 3.5 m. Construction of stand-alone buildings in discontinued array. Minimum surface area for developing the building lot: Stand-alone building - 400m 2 Stand-alone hotel building - 600m 2 Building in discontinued array and building in continued array - 300m 2 Minimum street front of the building lot: Stand-alone building - 15m Stand-alone hotel building - 20m Building in discontinued array and building in continued array - 12m Minimum distance of the building from the lot boundary: Window parapet lower than 1.6m - 3m Window parapet higher than 1.6m - 1m

Development parameters Lot coverage: Residential building - 1.40 Hotel building - 2.65 Hotel garni building - 2.50 Hotel apartment building - 2.25 Motel building - 1.90 Tourist villa building - 1.55 Commercial (shopping) building - 2.25 Commercial (office) building - 2.05 Greenery, minimum 20% of the lot surface, of the height of up 0.80m.

Copy of the cadastral plan

Leasing IVASTEFAN RETAIL CONSULTING LTD 7, OHRIDSKA STR., BELGRADE, SERBIA web presentation: www.ivastefanretail.com E-mail: realestate@ivastefanretail.com CONTACT Aleksandar Vukovic +381 69 25 64 666