Palata Beograd restoring the status of the most iconic building in Belgrade


Belgrade, September 9th, 2020 - One of the leading commercial real-estate companies in Serbia, Marera Properties is the new owner of the Palata Beograd, a building well-known to the public as "Beograđanka". Upon wining a bidding organized by the City of Belgrade, Marera Properties is currently in the process of closing the purchase agreement.

The acquisition refers to the tower building with office spaces, while the adjacent retail property is excluded. With adding Palata Beograd and its 20,000m2 to the office portfolio, Marera Properties firmly establishes itself as the leader in the city center.

Since it was built in 1974, Palata Beograd has not been renovated. Marera Properties will invest additional EUR 8 million in redevelopment, which will be finished by the end of 2021.

"We are proud of having capital’s landmarks in our portfolio. With full responsibility and high enthusiasm we are starting with the reconstruction of Palata Beograd. We have a vast experience in this field, and a proven track record in landmarks’ redevelopment. The best example is the redevelopment project of former Hala Beko, Kalemegdan Business Centre today, which was carried out in cooperation with the Institute for the Protection of Cultural Monuments. Palata Beograd was once the most modern building in the country, and our plans are to restore that status through innovative design and renovation following the latest trends in architecture and interior design. We are confident that both the city administration and our citizens will be proud of the results", said Milana Srećkov, General Manager of Marera Properties.

Upon reconstruction, Palata Beograd will open its doors to the business community. Serbian and international companies will have the opportunity to lease state-of-the-art offices on the prestigious location, meeting the highest standards of contemporary workspace solutions.