The well-known city landmark popularly known as “Beogradjanka”, which was acquired by Marera Properties last November, will open its doors to the business community by the end of 2021., after only 12 months of comprehensive reconstruction.

“Interest in the A class office space in the renovated Palata Beograd is immense. At this moment, we can say that close to 70% of the office space has already been leased and based on the number of inquiries we receive on a regular basis, we believe that by the time the renovation is fully completed by the end of this year, the building will be occupied to the full capacity,” says Milana Sreckov, director of Marera Properties.

The comprehensive reconstruction of Palata Beograd – the former tallest building of the Balkans, the first smart building, and one of the most prominent symbols of the city – started at the end of last year. Investment worth more than eight million euros entails detailed renovation of the building interior from the 5th to the 23rd floor, as well as refurbishment of the façade, new windows, and exterior nighttime illumination.

“In reconstruction, we are implementing latest trends – in construction, technology and architecture. The best example of it is the already completed refurbishment of Kalemegdan Business Center – once a Beko factory building that was neglected and damaged with time. Today, this building represents a contemporary, multifunctional business center with more than 2,000 employees. In Palata Beograd, we will for example build green park zones in spacious terraces located on the 5th and 6th floor. This is an innovative concept that has not been implemented thus far on the local market,” says Sreckov.

In parallel with the construction works on Palata Beograd, the BIGZ building initial renovation works have begun. BIGZ will be completed by the end of 2022, as planned.

Marera Properties, founded in 2009, is a real-estate company engaged in acquisition, development, leasing and management of commercial properties. The company portfolio consists of more than 200,000m² of office, retail, and industrial properties across the country, which makes it one of the leading investors on the Serbian market.