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Equest Balkan Properties signs contract for shopping mall in Skopje.

Equest Balkan Properties signs contract for shopping mall in Skopje.

Intellinews - Macedonia Today
December 13, 2007

Elan Properties, a unit of the property investment company Equest Balkan Properties (EBP), signed a contract with the Transport Ministry for the construction of a shopping mall in downtown Skopje . The company won the public auction for the land plot of 5,388sqm offering MKD 133.6mn (EUR 2.2mn). It offered a significantly high price of MKD 24,800 (EUR 403.2) per sqm, while the starting price was reportedly MKD 5,000 (EUR 82.3) per sqm. Transport Ministry spokesman Dragan Simonovski stated that under the contract the Skopje trade centre should be finalised by mid-2010. EBP invests in the Southeast Europe property market and operates in Bulgaria , Romania and Serbia . The London-listed Equest Balkan Properties is already present in Macedonia : in April it acquired a recently completed office building in central Skopje for EUR 7.8mn. The building called Skopje Business Centre comprises 3,870sqm of gross lettable area arranged in seven floors.

 

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