European listed developer, owner, and manager of industrial and logistics properties CTP has leased 68,000 sqm 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 sqm of space on a 15-year lease, at a new circa 110,000 sqm building currently under construction at CTPark Belgrade City that is almost 80% prelet now. Mercator will occupy around 59,000 sqm of warehouse space and 4,000 sqm of mezzanine space, with an additional 1,000 sqm of office space and around 3,000 sqm of sanitary space.
CTPark Belgrade City will comprise 135,000 sqm of industrial floorspace in total when complete.
Source: https://propertyeu.info/Nieuws/CTP-completes-68-000m2-letting-to-Mercator-in-Serbia/da2c9f2b-cdec-4109-af16-d17841fdfc4b, on 14.09.2023