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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.

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.

 

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