Press Release
CBRE advised on one of the largest investment transactions in Montenegrin capital
BIG CEE acquired Capital Plaza
April 6, 2023
CBRE South Eastern Europe (SEE), the largest regional real estate consulting company, provided advisory services in the process of purchasing the Capital Plaza complex in Podgorica.
Capital Plaza, a mixed-use facility, represents a specific entity when it comes to real estate on the Montenegrin market. It includes over 55,000 square meters of office space located in two towers, luxury apartments that can be rented for residential and business needs, a 122-room hotel, a retail zone on two levels, all in the heart of the Podgorica business zone.
Capital Plaza, a mixed-use facility, represents a specific entity when it comes to real estate on the Montenegrin market. It includes over 55,000 square meters of office space located in two towers, luxury apartments that can be rented for residential and business needs, a 122-room hotel, a retail zone on two levels, all in the heart of the Podgorica business zone.
The transaction represents one of the largest investments on the Podgorica market and we are honored to have had the opportunity to advise BIG CEE in their new acquisition on the Montenegrin market. In this way, we confirmed our leadership position as consultants in the field of "exit strategy" for commercial real estate. As part of this transaction, the CBRE SEE investment team, as a specialised associate for this type of transaction, initiated the entire process - from the purchase idea to the complete "due diligence" process.
Regarding the further development of the real estate market in our region, it is particularly encouraging that this transaction took place just one year after the BIG CEE company added the Delta City shopping center in Podgorica to its portfolio, thereby expanding its business to the Montenegrin market
"CBRE continues to promote the SEE region as an investment destination, where we see numerous opportunities, especially in the segment of office space, retail parks and logistics centers, but also further investment in shopping centers, as well as the hotel segment, which is attracting increasing interest from investors - proof of that is the opening of a new business line within CBRE SEE, that specialises in this segment of real estate, " Grujić emphasised.
