Belgrade-based property development company Delta Real Estate has started construction of Delta park, the first retail park in Serbia and the surrounding region. The company plans to invest a total of EUR 25 mln in the project, which will create up to 600 new jobs.

Belgrade-based property development company Delta Real Estate has started construction of Delta park, the first retail park in Serbia and the surrounding region. The company plans to invest a total of EUR 25 mln in the project, which will create up to 600 new jobs.

'The Delta Park is the new retail concept in Serbia, designed to be the one-stop-shop for all household needs,' the company said. Delta Real Estate plans to develop the retail park concept also in Belgrade, Novi Sad, Nis, Podgorica, as well as in other large cities in the region, it added.

Delta Park will be built in two stages, and will offer some 23,000 m2 of retail space. The first phase, due to be completed by 2010, will include 9,500 m2 of commercial space including a large electronics store, a shoe shop, a sports goods store, a toy store as well as a household equipment store and 750 parking spaces. The second phase, due to start in the spring of 2011, will also include a large DIY store.