Business Realestate

Niksen’s Shop Park centers to expand to Loznica, Arandjelovac

The Niksen Ltd company announced further expansion of the Shop Park retail group with two new retail centers coming in Loznica and Arandjelovac, representing a total investment of EUR 36 mln.

The Loznica retail park is slated to encompass 18,000 square meters of retail space, with another phase of 8,000 square meters in the works. This park represents EUR 21 mln of the aforementioned total investment.

The Arandjelovac retail center is planned to include 12,000 square meters of space and represents a EUR 15 mln investment.

Both centers will combine to offer 50 units of retail space and should create approximately 500 jobs, following the centers’ openings. Demand appears to also be as predicted by Niksen, as the centers are already 70-percent pre-leased.

Loznica photo, courtesy of Wikimedia Commons/Rasevic, CC BY-SA 3.0 <>, via Wikimedia Commons

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