European listed developer, owner, and manager of industrial and logistics properties CTP has leased 68,000 m2 of industrial and warehouse space to Mercator, a major Serbian supermarket chain, at CTPark Belgrade City, which will be the largest logistics hub in Serbia when complete.
Mercator specialises in the retail and wholesale of fast-moving consumer goods, and its new space will be used for the company’s new Serbian distribution centre, with the aim of centralising all its warehousing requirements under one roof. The business wants to further improve the efficiency behind its point-of-sale network in Serbia of almost 300 Idea branded retail stores, 33 Roda supermarkets, two Mercator hypermarkets and four Velpro wholesale centers.
Mercator has taken 68,000 m2 of space on a 15-year lease, at a new circa 110,000 m2 building currently under construction at CTPark Belgrade City that is almost 80% prelet now. Mercator will occupy around 59,000 m2 of warehouse space and 4,000 m2 of mezzanine space, with an additional 1,000 m2 of office space and around 3,000 m2 of sanitary space.
CTPark Belgrade City will comprise 135,000 m2 of industrial floorspace in total when complete.
Petar Kolognat, director of Business Development at CTP Serbia, said: 'We are pleased that Mercator has chosen CTPark Belgrade City as the location from which it will centralise its warehousing requirements. Despite its scale as the largest logistics hub in Serbia when complete, CTPark Belgrade City also provides occupiers with a unique city-centre location and excellent highway and airport access, in a newly-developed setting that meets the highest ESG standards.'
Since it started operating on Serbia, CTP has launched multiple projects and currently has 13 buildings across its portfolio with a total area of over 285,000 m2, as well as 250,000 m2 under construction.
