Banca Intesa providing lending for Ada Mall construction

Banca Intesa, in cooperation with PBZ bank in Croatia and VUB bank in Slovakia, all members of Intesa Sanpaolo group, has signed a EUR 64 million binding term sheet with GTC for financing the construction of Ada Mall in Belgrade, GTC’s first retail investment in Serbia.

Ada Mall will offer 34,400 sq. m of state-of-the-art retail space designed and built according to the highest international standards.

This first class shopping center will be located in Cukarica, directly opposite Ada Ciganlija – a popular recreational area. Apart from the state-of-the-art design concept and an attractive offer with over 100 shops and brands, Ada Mall will also provide entertainment and relaxation zones, like a panoramic roof garden with a view of the lake.

GTC received the final building permit for Ada Mall in mid-February 2017 and started the construction on 6 March 2017, whereas the opening of the mall will take place in autumn 2018.