NEWS
Lev Weiss, CEO, BIG CEE
How BIG Redefined Retail in 2025
With a series of strategic acquisitions and new retail park openings, BIG CEE strengthened its position as one of the key retail players in Serbia and the wider region. The company’s expansion created more than 1,000 new jobs and set new benchmarks for market growth.
In a year marked by both challenges and significant progress, BIG CEE delivered strong results and continued the rapid expansion of its retail network. CEO Lev Weiss reflects on one of the company’s most dynamic periods, during which bold investments and steady development shaped the retail landscape across Serbia and the region.
The year 2025 was extremely intense for BIG. You rebranded the former Promenada into BIG Fashion Novi Sad in April, and in the second half of the year you opened three new centres in Serbia. How challenging was this, and how would you describe the year in one word?
The past year was the most dynamic yet for BIG in Serbia. We entered 2025 with a clear ambition for growth, beginning with the rebranding of one of the country’s most significant shopping malls — BIG Fashion Novi Sad. From September onwards, in just 56 days, we opened three new retail parks in Čačak, Šabac and Bor, strengthening our presence across the country.
This pace demands discipline, strong team coordination and clearly defined processes. Opening three centres in such a short period was a real stress test for our system, but it demonstrated the strength and alignment of the organisation. We invested roughly €60 million in these projects, and initial results already confirm that the decisions were right.
If I had to describe the year in one word, it would be vision. Everything we achieved stems from long-term strategy, a clear plan and the people who implement it every day. The results are visible immediately — through footfall, tenant performance and consumer feedback.
You manage a portfolio of 20 assets in Serbia and Montenegro. Are you considering new markets, and where do you see BIG in five years?
Today, we operate a portfolio of 20 assets — 18 shopping centres, one mixed-use project and one office building. Seventeen of our shopping centres are in Serbia, including the only two open-air lifestyle projects in the market. And our growth will certainly not stop there. In Serbia, we remain open to new opportunities and plan to expand several of our existing centres, along with a few additional surprises. In Montenegro, we have secured a zoning change for the extension of our Podgorica mall — a development that will position it among the most modern in the region — and we are preparing a new retail park project in Nikšić.
As for new markets, we will soon launch a project in Shkodra, Albania — one of the region’s fastest-growing economies and a highly promising landscape for BIG’s further expansion. We also expect to develop several retail parks there.
In five years, we see BIG as the undisputed regional leader — a company that sets retail standards and a brand recognised in every household for delivering the best shopping experience and a wide range of free activities for visitors.
This year, more than 100 stores opened within your newly launched centres. While most tenants are not new to the market, it is significant that BIG enables them to expand into cities where they previously had no presence. How do you assess BIG’s impact on local economies?
Opening more than 100 stores is a significant achievement, but equally important is enabling brands to enter cities where they had not been present before. A strong example is Eastern Serbia, where the opening of BIG Bor retail park has completely transformed the region’s retail landscape. Similarly, IKEA in Čačak is now accessible to consumers in central Serbia — one of the most sought-after retail offers on the market. We also opened the only cinemas in Čačak and Šabac, as well as Fashion&Friends, Buzz and many other brands. Moreover, we introduced a modern culinary experience previously unavailable in these cities.
At first, many tenants were surprised by the level of vision and investment in certain locations, but we believed in these cities — and early performance shows that belief was justified. Results have been strong from day one, and the potential for further expansion is considerable.
Our impact on local economies is tangible and multidimensional: we create jobs, bring new brands, increase competition and contribute to broader regional and community development.
From an internal perspective, what do you consider BIG’s greatest achievements, given that a relatively small team operates a large-scale system across different countries and various retail formats?
Our greatest internal achievement is our people. BIG has around 80 employees, while each centre has its own operational team dedicated to every detail and committed to a strong hands-on approach — whether managing a retail park, a large shopping mall or an outlet format. This enables us to enhance the experience in every project we acquire.
Although we operate centres across different formats and countries, our standards remain unified. Achieving this requires operational discipline but also flexibility, as each market has its own characteristics. Maintenance, cleanliness, signage and navigation, green areas, parking, overall customer experience — these are all elements we treat with equal importance to ensure excellence and make visits to our centres effortless and seamless.
What can we expect from BIG going forward, and what is your message to partners and the communities in which you operate?
Today, BIG is no longer a foreign investor operating from a distance — we are a company deeply rooted in the region. After more than a decade of investment, expansion and presence in almost every part of Serbia, we are essentially a domestic company. We understand the market, the consumers and the needs of each community.
We see enormous long-term potential in the Balkans, and we believe a period of stable, continuous growth lies ahead. For us, expansion is never just about the number of assets — it is about creating value for communities, partners and consumers.
To our partners, I would say that BIG will continue to be a reliable and predictable system — one that builds long-term trust and stands by them in both good and challenging times. That has been our approach from the start and will remain the foundation of our business.
To our consumers, I can promise that BIG will keep raising shopping standards and developing centres that reflect modern lifestyles. In the cities where we operate, we strive to be more than a place to shop — we aim to be part of everyday life.
Glosa
Our impact on local economies is tangible and multidimensional: we create jobs, bring new brands, increase competition and contribute to the development of regions and communities.
Belgrade / Bor, November 11, 2025
BIG CEE opens its first shopping center in Eastern Serbia
BIG Bor officially opens on November 13
BIG CEE continues its rapid expansion in Serbia with the opening of a new shopping center.
On Thursday, November 13, BIG BOR will officially open its doors — the company’s first shopping center in Eastern Serbia and the 17th BIG shopping center in the country, marking a major milestone: the 20th asset in BIG CEE’s portfolio across Serbia and Montenegro.
BIG BOR covers 9,600 m² of retail space and brings a strong tenant mix with 22 brands, including some of the most recognized domestic and international names such as Maxi, Lilly Drogerie, New Yorker, Pepco, JYSK, N Sport, Vitapur, Dexy Co, as well as additional fashion, sports, tech, and lifestyle retailers.
“Bor is an important regional hub that has never had access to a modern retail format. By opening the first BIG shopping center in Eastern Serbia, we continue expanding our network, bringing BIG closer to more households, and investing in the development of local communities. This is our third new center in just two months, demonstrating the strength of our team and the clarity of our strategy. I am confident that BIG Bor will quickly become the preferred shopping destination for the whole region,” said Lev Weiss, CEO of BIG CEE.
The grand opening will take place on Thursday, November 13, featuring a full day of activities, interactive experiences for all ages, and a concert by Saša Kovačević at 18:00. Throughout the weekend, visitors can enjoy exclusive discounts, gifts, entertainment, and a rich program for the whole family.
BIG Bor is set to become the new place for shopping, gathering, and entertainment in Eastern Serbia.
October 13th, 2025
BIG CEE Opens Its Second Lifestyle Retail Park in Serbia – BIG Šabac
A major investment bringing modern shopping, gastronomy, and entertainment to the heart of Mačva.
On October 16, BIG CEE will officially open BIG Šabac — its second lifestyle retail park in Serbia. This €25 million project spans 16,500 m² and represents an important step in the company’s ongoing expansion, reinforcing its commitment to creating high-quality spaces for shopping, leisure, and community life.
The lifestyle retail park format sets new standards on the market. Unlike traditional retail parks, BIG Šabac offers pedestrian-friendly promenades, open squares, and a curated selection of brands, restaurants, and amenities for all generations. More than 45 domestic and international brands will welcome their first visitors, in a thoughtfully designed environment that combines shopping with leisure experiences.
Notably, the opening of BIG Šabac comes just one month after the successful launch of BIG Čačak — the first lifestyle retail park in the country — confirming the strong appeal and potential of this format in the Serbian market.
Among the tenants are Cinegrand cinema with state-of-the-art screening rooms, Madame Coco, Fashion&Friends, LC Waikiki, dm, Gigatron, Buzz, Beosport, and many others. The F&B offer includes Burrito Madre, Walter, and Kafeterija, while additional amenities such as a gym, indoor playground, and outdoor children’s area make BIG Šabac a place that combines everyday needs with quality leisure time.
“Šabac is an important regional hub, and with the opening of BIG Šabac we continue to expand a format that has already proven to be highly attractive in the local market. Our strategy is clear — to bring modern, functional spaces to cities across Serbia that offer far more than shopping. We believe BIG Šabac will quickly become a new urban landmark and a favorite gathering place for visitors of all generations,” said Lev Weiss, CEO of BIG CEE.
The grand opening will feature a full day of celebrations and entertainment for all ages, with surprises and special activities marking the first day of operations.
Like all BIG CEE centers, BIG Šabac will follow contemporary trends and serve as a community anchor — offering a rich retail mix, vibrant public spaces, and a new destination for the entire region.
September 4th, 2025
BIG CEE to Open Serbia’s First Lifestyle Retail Park – BIG Čačak
€25 Million Investment Brings a New Dimension of Shopping, Dining, and Entertainment to the Region
BIG CEE, one of the leading investors and operators of shopping centers in the region, will officially open Serbia’s first lifestyle retail park – BIG Čačak – on September 18. Covering 16,500 square meters and representing an investment of €25 million, the project introduces a diverse mix of well-known domestic and international brands, along with leisure and entertainment facilities designed for all generations.
The lifestyle retail park is a contemporary format that blends shopping, dining, and entertainment in an open-air urban environment. Unlike traditional retail parks that primarily consist of stores and large parking areas, this concept features spacious pedestrian walkways, rest and social zones, a wide F&B offering, and a cinema equipped with state-of-the-art auditoriums. With a broader range of stores and brands not typically found in retail parks, BIG Čačak delivers a dynamic experience that goes far beyond conventional shopping.
From the very start, BIG Čačak brings added value to the local community. In addition to recognized names such as Fashion&Friends, Beosport, Buzz, Dexy Co, Gigatron, Lisca and many others, the center is also introducing brands appearing in Čačak for the first time – including Pandora, Cinegrand cinema and New Yorker – while IKEA is expanding its offer southern from Belgrade for the very first time. With extensive parking, landscaped promenades, a playground, cinema, and social spaces, BIG Čačak is set to transform how residents of the city – and the wider region – experience shopping and leisure. In early 2026, center will welcome two global fast-food giants – McDonald’s and KFC – making BIG Čačak an even more attractive destination for all generations.
“Čačak is a strong regional hub with exceptional growth potential. Bringing this project to life required years of preparation, dedicated work, and close cooperation with the city and our partners,” said Lev Weiss, CEO of BIG CEE. “With the opening of BIG Čačak – Serbia’s first lifestyle retail park – we are introducing a format that raises the bar for the market: a cinema with the latest technology, a broader retail mix, and brands that are not usually present in retail parks. With BIG Čačak, our network expands to 18 locations across Serbia and Montenegro (16 in Serbia and 2 in Montenegro), and by the end of the year, with the opening of BIG Šabac and BIG Bor, we will reach a total of 20 centers.”
The grand opening in Čačak will be marked by a full-day program featuring live music, performances, family activities, and entertainment, followed by a themed weekend celebration. This way, Čačak is gaining more than just a new shopping destination – it is becoming a place for connection, leisure, and shared experiences.
April 10th, 2025
BIG FASHION Novi Sad – a new era for a landmark shopping centre
Following the acquisition of the Promenada shopping centre in October of last year, BIG CEE has taken the next step in developing this well-known Novi Sad destination. As of April 10, Promenada officially becomes BIG FASHION Novi Sad, marking a symbolic transition into a new phase of growth—one that includes an even richer mix of tenants and brands, more entertainment, and an enhanced shopping experience.
When BIG CEE announced the acquisition of the shopping centre, which welcomes more than 10 million visitors annually, with an investment of over €177 million, it was clear that ambitious plans were in store for the future of the former Promenada. Not only is this one of the largest shopping centres in the country, but the transaction also represents the biggest investment BIG has ever made globally for a single project acquisition. Moreover, it stands as the largest transaction ever recorded for a commercial property in Serbia. These strong figures from the outset reflect the seriousness with which the company is approaching this project. Rebranding the centre as BIG FASHION serves as a promise to visitors that there will always be something new and exciting waiting for them inside.
For BIG CEE, the acquisition of today’s BIG FASHION Novi Sad shopping centre presented a unique opportunity to further strengthen its market presence, reinforce its brand, and enrich the retail offering of the city of Novi Sad—complementing to the existing BIG Novi Sad retail park. This property not only contributes to the company’s growth but also lays the groundwork for further development of the local community, thanks to its exceptional economic potential and opportunities for improvement, as seen with all previous BIG acquisitions.
To celebrate its new identity, BIG FASHION Novi Sad is hosting a spectacular four-day event filled with exclusive discounts and entertainment, reaffirming its role as a social hub and favourite gathering spot for visitors across the region.
April 1st, 2025
Photo author: Sale Jančević
BIG CEE and EBRD sign a new financing package for five centres
A €100 million investment for further expansion in the Balkans
BIG CEE, the subsidiary of BIG Shopping Centres Israel, has signed a financing agreement with the European Bank for Reconstruction and Development (EBRD) worth €100 million. BIG CEE will use the funds for its development in the Balkans to build three new retail parks in Serbia, further expanding its network. In addition, part of the funds will be allocated to refinancing two existing retail parks.
The projects supported by EBRD funding include new retail parks in Čačak, Šabac, and Bor, with their opening scheduled for the end of 2025. The first phases of these centers will add 40,000 square meters to BIG CEE’s portfolio. The properties in Šabac and Čačak introduce an entirely new format to the market, featuring a “lifestyle” concept that combines high-end shopping, gastronomy, and entertainment, providing visitors with a unique experience in every aspect. By the end of the year, the company’s portfolio will reach nearly 450,000 square meters. In addition to financing new projects, a significant portion of the funds will be directed toward refinancing existing centres in Rakovica, and Pančevo.
“We are pleased to continue and expand our cooperation with the European Bank for Reconstruction and Development (EBRD) in financing six existing projects in Serbia. This investment includes the refinancing of centres in Pančevo, and Rakovica, as well as the construction of retail parks in Čačak, Šabac, and Bor, whose opening we eagerly anticipate by the end of 2025. I want to thank our colleagues at EBRD for their trust and cooperation, as their dedication contributes to the growth of our business in the Balkans, particularly in Serbia, through this credit line,” said Alon Bargiora, CFO of BIG CEE.
Vlaho Kojaković EBRD Director, Head of Real Estate said: “We are delighted to support BIG CEE’s expansion in Serbia and the Western Balkans, a move that aligns seamlessly with the EBRD’s Real Estate Sector Strategy 2025-2029. This strategy emphasizes investing in the green transition, strengthening human capital resilience, and addressing housing and affordability challenges. Through our newly established partnership with BIG, we endeavour to jointly create sustainable, high-quality retail infrastructure that fosters economic growth and enhances consumer experiences in the region.”
The cooperation with EBRD reaffirms BIG CEE’s commitment to sustainable development and investments that enable long-term growth in the Balkans. Through continuous investments, the company constantly enhances and expands its portfolio, strengthens brand recognition among local consumers, and elevates the experience for visitors at all locations.
October 31th, 2024
Photo author: Dejan Kalezić
BIG CEE AND IHG HOTELS & RESORTS ANNOUNCE NEW HOTEL IN THE CAPITAL PLAZA
Opening of the first Crowne Plaza hotel in Podgorica by the end of the year.
The Capital Plaza, a mixed-use property owned by BIG CEE, announces the signing of Crowne Plaza Podgorica, as part of IHG Resorts & Hotels, one of the world’s leading companies in the global hotel industry. This will be the first Crowne Plaza hotel in Montenegro. In addition to voco Podgorica, Regent Porto Montenegro, and Iberostar Waves Herceg Novi, this will be IHG’s fourth hotel to open in Montenegro, further strengthening its presence in the Montenegrin market and joining three other properties in its development pipeline.
The 122-key hotel is situated within the Capital Plaza mixed-use development and surrounded by the regional headquarters of several banks and multinational companies including Deloitte, PWC and The World Bank. Other features include residential properties and luxurious commercial, retail and restaurant spaces, making it an ideal destination for locals and visitors alike. The Capital Plaza has significantly influenced Podgorica’s business district over the last decade, with its impressive office tower to lifestyle features, it has become a true ambassador for the country’s fast-paced development.
“It’s wonderful to sign Crowne Plaza Podgorica, which is an important moment for IHG as we continue to grow our presence across the Balkans. The hotel will fit seamlessly into the existing Capital Plaza development in the prime location of Podgorica and is a great example of our ability to sign and convert properties across our brand portfolio at speed. The popularity of conversion opportunities across Europe reflects the attractiveness of IHG’s brands and the value of our global enterprise – including our growing IHG One Rewards programme – amongst our owners, who are looking to capture the growing demand of travellers in top locations. We look forward to working alongside our trusted partners at BIG CEE to bring this project to fruition and welcome guests at Crowne Plaza Podgorica before the end of the year,” said Willemijn Geels, Vice President Development Europe for IHG Hotels & Resorts.
As part of IHG Hotels & Resorts global enterprise, the hotel will continue to attract a diverse range of visitors while adding value thanks to its extensive portfolio and its successful loyalty program, IHG One Rewards.
“We immensely believe in Podgorica and in the country, alongside The Capital Plaza, our portfolio includes the renowned BIG FASHION Podgorica, the largest and most developed shopping centre in the country, for which we are working on obtaining conditions for its long-awaited expansion. We are very proud and happy to add our hotel to the IHG Resorts & Hotels family, and we look forward to attracting numerous domestic and international hotel guests, while maintaining the strong guest satisfaction and overall successful hotel experience. BIG CEE will continue to make significant investments and expand its portfolio in the future, as well as develop services within existing properties,” said Lev Weiss, CEO of BIG CEE.
October 15th, 2024
BIG CEE, a subsidiary of BIG Shopping Centers in a Strategic Deal in Eastern Europe with acquisition of Promenada shopping mall
Acquisition of a leading mall in the city of Novi Sad for 177 million euros marked Serbia largest retail transaction ever. Promenada, one of the strongest malls in the country, featuring many international brands, 100% occupancy, and more than 10 million visitors annually.
“This acquisition marks a step forward in our long-term expansion and investment plan in premium commercial real estate that contributes to local community and economic development. I am confident that “Promenada“, as the largest shopping mall in our portfolio, will continue to deliver exceptional experiences for visitors, while we, as a company, continue to invest in its enhancement and further growth. Our goal remains clear – to be synonymous with quality, innovation, and leadership in the retail sector, both in Serbia and the region” said Lev Weiss, CEO of BIG CEE.
BIG Shopping Centers reported that its subsidiary, CEE-BIG B.V., has acquired the Promenada mall, located in downtown Novi Sad, Serbia, for 177 million euros, of which 105 million euros will be financed by a bank loan from leading European banks.
The Promenada mall is located in the center of Novi Sad, Serbia’s second-largest city, and is considered one of the most significant and commercially strong centers in the country. The mall has a gross leasable area (GLA) of about 49,200 square meters, fully occupied, attracting over 10 million visitors annually, with steady growth in both visitor numbers and revenue.
Among the mall’s tenants are brands such as ZARA and other Inditex group brands, Nike, Adidas, Tommy Hilfiger, Calvin Klein, Hugo Boss, NewYorker, Sephora, Pandora, Replay, a concept store by Ikea, LPP group brands, and more. The mall also includes a large supermarket, cinema, and an entertainment and dining complex.
The transaction was led by Uzi Eli, VP of International Business Development at BIG Group.
Lev Weiss, CEO of BIG CEE, highlights that the acquisition is in line with the company’s development and growth strategy, which focuses on shopping centers and mixed-use complexes. Weiss further adds, the acquisition of the Promenada mall is an especially attractive investment and a one-time opportunity to acquire a powerful asset that will significantly strengthen BIG’s commercial activity and cooperation with leading European tenants.
BIG`s strength lies in our portfolio encompassing 15 operational centres across Serbia and Montenegro, totalling 368,000 m2. Company’s` strong operational presence and deep understanding of tenant needs and consumer expectations ensure meticulous management of every aspect of our centres. The acquisition will serve as a major growth engine, given the excellent initial economic parameters of the deal and the enhancement potential BIG identifies in the asset, just as it has done in previous transactions. This acquisition will strengthen BIG’s position as the leading commercial real estate investor in Serbia and one of the leading companies in the Balkans and Eastern Europe.
BIG CEE would like to thank Nepi Rockcastles’ team for this beautiful asset and for a smooth transaction, as well as all BIG CEE’s tenants across all shopping malls and retail parks for their continued support and successful cooperation.
November 15th, 2023
BIG CEE AND EBRD HAS SIGNED A DEBT PACKAGE OF UP TO EUR 100 MILLION
BIG CEE via CEE BIG B.V. and the European Bank for Reconstruction and Development (EBRD) is boosting the development of green commercial real estate in Western Balkans with a debt package of up to €100 million to be used by CEE BIG B.V. for its regional expansion.
CEE BIG B.V. company will use the loan to finance the development, upgrade and acquisition of modern retail parks and shopping centers across the Western Balkans.
The developer is also committing to securing a BREEAM international sustainability certification for all buildings financed by the EBRD.
On behalf of CEE BIG B.V. project was led by Mr. Alon Bargiora, CFO BIG CEE.
“We are proud and honored to sign a debt package of 100 Million Euro with EBRD, which will support us in our expansion strategy in Serbia and the Western Balkans.
The first two projects that will be financed are located in cities of Stara Pazova and Čačak.
I would like to thank my team for the hard work and EBRD team for the swift cooperation” stated Mr. Bargiora.
Kragujevac, October 17th, 2023
DECATHLON ARRIVES TO THE HEART OF ŠUMADIJA
From Thursday, October 19, BIG Kragujevac will host well-known tenants in the new 7,000 m2 space.
Kragujevac, October 17, 2023 – BIG FASHION shopping center will delight the residents of Kragujevac this autumn with the opening of a new retail park, with an area of more than 7,000 m2.
On Thursday, October 19, in addition to exciting animations for children of all ages, performances by dance groups and DJs who will lead the whole day’s entertainment, BIG Kragujevac will present a rich offer of the new retail park in the form of new brands and stores that will open their doors to consumers that day and welcome them with generous discounts.
“We are proud to announce the arrival of another prestigious sports brand – Decathlon, for which Kragujevac, after Belgrade and Novi Sad, is the third destination in Serbia where it opens its doors to visitors. Decathlon is a French brand, famous for offering equipment for 70 sports disciplines and an excellent ratio of quality and price. Apart from it, I am extremely glad that we will host renowned brands such as Gigatron Megastore, Pet Centar, Pepco, Kengur, Galerija podova, Đak Sport and Extra Sport, which will significantly expand the shopping offer, and all gastronomy lovers will be able to enjoy the Matilda restaurant as well as the Coffee Dream cafeteria. This opening is in addition to many activities and efforts made in BIG Fashion Kragujevac in order to continue modernizing and providing the best possible service and experience to the citizens of the city, in the next few months the mall will be going through vast changes – such as the introduction of new tenants, renovation of the public spaces and more” said Lev Weiss, CEO of BIG CEE.
The new and spacious parking lot provides enough space for all visitors who want to use the conveniences of this modern shopping center. The design of the new facility exudes elegance thanks to the beautiful fountain and well-appointed spaces for relaxation and enjoyment, further contributing to the overall experience.
In addition to the BIG Fashion that provides an incredible shopping experience, visitors to BIG in Kragujevac now also get a spacious outdoor shopping oasis with a variety of content for all generations, from the youngest to the oldest.
The working hours of the center will be the same as before – from 10 a.m. to 10 p.m. – and you will have the opportunity to take advantage of discounts, a good party and visit the newly opened part as early as Thursday, October 19. For more information, visit our website www.bigcenters.rs.
Podgorica, July 28th, 2023
NLB Bank and BIG shopping centers Signed Contract for the Purchase of Exclusive Business-Residential Complex 'Capital Plaza' in Montenegro
On Thursday 20th July 2023, company BIG Shopping Centers signed a long-term credit agreement in Podgorica with NLB Bank worth EUR 24 million over a period of 10 years, for the purchase of the exclusive business, residential complex ‘Capital Plaza’ located in the very heart of Podgorica.
As one of the leading regional financial institutions, NLB Bank confirmed confidence in the business plans and strategy of BIG CEE, which aims for growth and a leading position in the shopping center segment in Central and Eastern Europe.
“NLB Bank is our strategic partner in Montenegro, and we are very pleased with both the cooperation we have achieved and the trust placed in us through the financing of the Capital Plaza project,” stated Alon Bargiora, CFO of BIG CEE.
“Through this credit, NLB Bank has demonstrated its readiness to support strong developmental and strategic projects in Montenegro. This credit support to BIG CEE is evidence of our dedication and support to the development of enterprises and business initiatives that contribute to the strengthening of the economy and creating development opportunities in our country. We are proud of the trust placed in us and the opportunity to provide credit and advisory support for this important project,” said Marko Celebic, Executive Assistant to the member of the Management Board of NLB Bank AD Podgorica.
“We are extremely proud to partner with BIG CEE. I would like to take this opportunity to thank BIG CEE for the trust placed in us, as well as our colleagues from NLB Bank Podgorica, and our colleagues from NLB in Ljubljana for their invested effort and professionalism. NLB has once again proven that we are not just a regional systemic financial institution, but also an important regional player. We want to take maximum care of our region and improve the quality of life by creating a region of new possibilities. We believe that this project represents an important step on this path,” said Andrej Lasic, member of the Management Board of NLB responsible for corporate and investment banking.
The contract was signed by Alon Bargiora, CFO of BIG CEE, Martin Leberle, President of the Board of Directors of NLB Banka ad Podgorica and Marko Čelebić, Executive Assistant of the Board of Directors and Director of the Business Sector with Legal Entities of NLB Banka ad Podgorica.
Belgrade, September 8th, 2022
BIG FASHION CENTER HAS ARRIVED IN PODGORICA!
BIG shopping centers got a new family member – Delta City Podgorica became BIG FASHION Podgorica.
The beginning of a new chapter in the work of the largest shopping center in Montenegro was spectacularly marked by the performances of stars Petar Graso, Sara Jo, the dance troupe Una Saga Serbica, Mirror Crew performers, as well as excellent discounts and a variety of children’s entertainment programs.
The event was opened by Prime Minister Dritan Abazovic, Mayor Ivan Vukovic and the chairman of BIG Shopping Centers Israel, Eitan Bar Zeev.
“The company BIG Shopping centers with its daughter company AFI has been successfully operating in Israel and the region of Eastern Europe for many years.
Entrance to the market of Montenegro and first investment of 150 million euros is our first step in expanding in the Balkan region.
This is just the beginning of the novelties BIG will bring to Podgorica as well as other cities in Montenegro, such as Ulcinj, Bar, Tivat, Niksic and Kotor, in the form of modern retail parks, new international brands and international experience.
We have big plans and our key goal is satisfaction of our visitors!”
said Eitan Bar Zev, chairman of the company BIG Shopping centers Israel, especially thanking everyone present for the warm welcome and announcing the official change of name of the shopping center to BIG FASHION Podgorica.
Belgrade, May 20th, 2022
BIG Shopping Centers is Now the Official Owner of Delta City in Podgorica
BIG Shopping centers has fulfilled all the conditions for officially purchasing 100% of ownership of Delta City Podgorica on Thursday 19th of May.
“Purchase of Delta City Podgorica is our entry ticket to Montenegro and only the beginning of our support and investment in the country. This transaction is in accordance with our strategy which we declared last year, to continue our development throughout the Balkan Region.
BIG will bring a new experience for its customers in the shape of constant and dynamic events throughout the year, as well as in the shape of many new stores and brand names” – stated Lev Weiss, CEO BIG CEE
Delta City Podgorica center covers an area of 24,500 square meters with 100% of occupancy rate. The center has a rental mix that includes a Aroma supermarket, Cineplexx cinemas, cafes and restaurants, fashion chains and sport stores, with anchor stores like Zara, Bershka, Mango, Pandora, Fashion & Friends, Sport Vision, Cosmetics market and many others.
Belgrade, February 20th 2022
BIG SHOPPING CENTERS IS EXPANDING ITS OPERATION IN EASTERN EUROPE AND THE BALKAN REGION
BIG CEE ACQUIRES ITS FIRST PROPERTY IN MONTENEGRO AT VALUE OF 95 MILLION EUROS!
BIG acquired DeltaCity mall, the largest and most significant mall in the country, located in the Montenegrin capital Podgorica.
Belgrade, February 20th 2022 – Hay Galis, CEO of BIG Shopping Centers, has stated that BIG continues with acquiring strategic properties in the region, in line with the company’s expansion strategy for the Balkans and Eastern Europe.
“BIG’s entry to Montenegro is another step forward in the implementation of the company’s strategy to expand its operations in the Balkans and Eastern Europe.
BIG continues to locate strategic assets in order to expand its commercial power which, in addition to success achieved in Serbia, ranks BIG in the position of one of the leading commercial real estate companies in the Balkan Region.
Delta City Podgorica is the most powerful asset in the country and one of the most powerful commercial facilities in the Balkans. It is fully leased and many leading international retail chains are interested in joining it”, says Mr. Galis.
Lev Weiss, CEO of BIG CEE, who leads the growing operations in Serbia and the Balkans, says that the company is very happy and proud with adding this strong asset to BIG’s asset portfolio and is excited to start its first operation in Montenegro.
“We at BIG are looking forward to merging the mall into the group and enhancing this excellent property”, states Mr. Weiss.
BIG Shopping Centers reports this morning that the subsidiary CEE-BIG BV, which is 95% owned by BIG, has signed an agreement to purchase DELTA CITY Mall located in Podgorica, Montenegro, at an agreed value of 95 million euros, of which € 57 million will be financed by a bank loan.
DELTA CITY mall has 24,500m2 GLA of commercial space, 1000 parking spaces and occupancy rate of about 100%.
The mall is anchored by ZARA, Pull & Bear, Bershka, Mango, Nike, Tommy Hilfiger, New Yorker, Pandora, Under Armor, Replay, Springfield and many other brands, accompanied by Cineplexx multiplex cinemas and a children’s entertainment area.
Belgrade, December 7, 2021
BIG Shopping Centers Group will launch a large-scale wind turbine project in Romania at an estimated investment of EUR 109 million
Hay Galis, BIG Group CEO: “It is the first and significant step towards the implementation of a global development policy in the energy sector.”
BIG Shopping Centers, Israel’s leading shopping center development group, announced the sealing of the first deal for the group’s energy branch. BIG Energia Holdings Kft., BIG Group’s wholly owned subsidiary, engaged in the agreement to acquire all the shares of a Romanian company which holds the rights for the wind turbines erection project in the Braila district of Romania. The project is planned to incorporate seventeen turbines, each of 6-Megawatt capacity, estimated to produce 102 MW in total.
The subsidiary company is set to pay EUR 7 million for the shares and the project development, including the acquisition of the required building permits. Aside from the investment, the estimated cost of the project launch is EUR 102 million.
Since BIG announced its plans to establish a significant investment branch in the energy sector two years ago, an executive committee was formed. Chaired by Dani Kaplan, BIG’s Vice President for Energy, the committee examines various projects nationwide and worldwide. BIG has been involved in green energy production for over a decade, with solar panels on its shopping centers’ roofs in Israel, producing electricity for industrial purposes.
CEO, Hay Galis indicated that the BIG group defines green energy production as a source of growth and a leverage for investment diversification, and will continue, in line with the company’s core values, to invest in global enterprise for renewable energy.
Galis added that business activities in the US are proceeding as planned and the remaining capital will be used to extend the company’s principal ventures and to establish new energy branches.
Belgrade, October 21, 2021
BIG CEE announcement
BIG Shopping Centers Ltd., the controlling shareholder (~95%) of BIG CEE, successfully secured NIS 205 million (approx. 55 million EUR) by issuing secured bonds in the Israeli stock exchange by refinance of the following shopping centers: BIG Fashion Kragujevac, BIG Kruševac and BIG Fashion Outlet Inđija.
The bonds duration is 6.6 years (maturity October 2029), it is not linked to any index and bear an effective annual interest rate of 1.495%, with 70% loan to value.
The Bonds were issued mainly to leading institutional Israeli funds after having demands in the bidding process for bonds in the amount of above NIS 1 billion (approx. 267 million EUR); namely, BIG had demands of almost 5 times the amount it eventually decided to raise.
BIG group intends to use the proceeds from such issuance of bonds in orde r to push further its expansion in Serbia and in the Balkan region.
„We are very proud of the confidence the Israeli market put on our excellent Serbian assets as evidenced by the great financing that the Group obtained.“ Said Alon Bargiora, CFO at BIG CEE Serbia.
BIG CEE Group is among leading investors in retail real estate, having portfolio of nine shopping centers in Serbia and four additional projects in categories of residential, offices and logistics.
Belgrade, August 31, 2021
BIG FASHION has arrived in Kragujevac City
BIG shopping centers in Serbia got a new, eighth family member – the popular Kragujevac Plaza became BIG FASHION Kragujevac on Saturday, October 16. The beginning of a new chapter in the work of the largest shopping mall in central Serbia is symbolically marked by great discounts, performance by pop star Goca Trzan, dance troupe Una Saga Serbica, Mirror Crew performers, as well as variety of entertainment for children.
“BIG CEE has been operating successfully in Serbia for more than 10 years and we are very happy that we have opened the first BIG center in Central Serbia after Vojvodina and Belgrade. This is only the first step when it comes to our expansion in this part of the country, but also the beginning of changes for BIG FASHION Kragujevac. We have big plans. The most important thing for us is visitors satisfaction. Through a rich experience in running over 60 shopping malls around the world, we strive to provide each guest of our centers with superior shopping experience as well as entertainment for the whole family”, said Lev Weiss, CEO of BIG CEE Serbia who especially thanked everyone present for the warm welcome, as well as the Nepi group for the great work they have done so far.
From October 16, BIG FASHION Kragujevac has also become pet friendly for all pets up to eight kilograms. It is just one of the newness that this center is preparing for all visitors in the upcoming period.
Thanks to the quality combination of brands in the field of sports, fashion, but also because of the modern Cineplexx cinema, excellent restaurants and cafes, BIG FASHION Kragujevac will continue to be a favorite shopping destination in Central Serbia, as well as during the past nine years of successful work.
BIG Novi Sad, BIG Fashion Outlet Indjija, BIG Pancevo, BIG Zrenjanin, and three centers in Belgrade: BIG FASHION, BIG FASHION Park and BIG Rakovica aslo operate successfully within the BIG CEE Serbia company. In the next period, Krusevac Shopping Park will join this network of shopping centers in Serbia and will also change its name and become BIG.
Belgrade, August 31, 2021
Lev Weiss new CEO of the BIG CEE Serbia
Lev Weiss has been appointed the new CEO of the BIG CEE Serbia, the parent company BIG Shopping Centers Ltd from Israel announced today.
Weiss comes to this position after Robert Yahav, who has run the company since 2007.
” We would like to thank Mr. Yahav for his long-term cooperation in the previous years. We believe that Mr. Weiss, together with Mr. Branimir Bojic Deputy CEO, will successfully continue to lead and manage our company in Serbia in the coming period in further expansion in the country and region and we wish him great success”, the company BIG Shopping Centers Ltd announced on this occasion.”
Belgrade, June 17, 2021
BIG Shopping Centers purchased two more projects in central Serbia
BIG Shopping centers has signed the final agreement on purchasing two more projects in Serbia, Plaza Kragujevac shopping center and Krusevac Shopping Park.
Plaza Kragujevac covers an area of 22.700 m2 with 96% of occupancy rate and Krusevac Shopping Park covers an area of 8.700 m2. with 100% occupancy rate and additional plot for future extension of Krusevac park.
Total value of acquisition is 61 Million Euro, with projects total annual net operating income of 4,5 Million Euros.
Today BIG Group owns and manages four centers in Vojvodina: BIG Novi Sad, BIG Fashion Outlet Indjija, BIG Pancevo and BIG Zrenjanin and three centers in Belgrade: BIG Fashion Mall & Park and BIG Rakovica. With latest acquisition we strengthened our network in the area of Central Serbia.
We trust Serbian economy and the growth of the country and we will continue expansion in the South and East Serbia as well as in the entire Balkan and CEE region – stated Robert Yahav, CEO BIG Shopping Centers Serbia.
In total, today BIG Group owns 9 shopping centers in Serbia, and 4 more projects in categories of residential, office and logistics
April 7th, 2020
BIG CEE'S OPEN LETTER: WE ARE TOGETHER IN NICE, AS WELL AS IN HARD TIMES LIKE THIS!
„BIG CEE’s philosophy, that works successfully in Serbia in the last 12 years, is to always be on the side of family, its tenants and visitors of all shopping centers“ – that is the main message from the letter of Robert Yahav, general director of BIG CEE Serbia.
February 25th, 2020
BIG Shopping Centers purchases Aviv Park Zrenjanin!
BIG Shopping centers has signed the final agreement on purchasing 100% of ownership of Aviv Park Zrenjanjin.
Aviv Park Zrenjanin center covers an area of 25,000 square meters with 100% of occupancy rate.
The center has a rental mix that includes a supermarket, cinema complex, cafes and restaurants, fashion chains and sport stores, with anchor stores like H&M, C&A, New Yorker, Deichmann, dm, Dexy, Sport Vision, Tehnomanija, Cinestar, DIS and many others.
To remind, BIG opened its first center in Novi Sad in 2012 and since then is accepted as a local brand name by all citizens of Vojvodina.
“Today BIG owns and manages centers in 4 cities in Vojvodina: BIG Novi Sad, BIG Fashion Outlet Indjija, BIG Pancevo and BIG Zrenjanin.The relationship with citizens of Vojvodina is very important for us and we will continue to support and invest in the region” – stated Robert Yahav, CEO BIG Shopping Centers Serbia.
In total, today BIG CEE owns 7 shopping centers in Serbia, and 4 more projects in categories of residential, office and logistics. BIG CEE continues investing in Serbia as well as the Balkans and CEE region.
December 12th, 2019
BIG FASHION Park opened in Belgrade!
Two and a half years after the opening of BIG FASHION center, Belgrade has received a new shopping destination – BIG FASHION Park. The location in Karaburma, which has become one of the leading shopping areas in the city, has now become the destination of the first Decathlon store in Serbia.
BIG FASHION Park opened on the date 12.12.2019. exactly at 12 o’clock, while the audience had been adressed by Her Excellence Alona Fisher-Kan, ambassador of Israel in Serbia, Michel Kapler, general director of Decathlon for Serbia, Croatia and Slovenia, and Robert Yahav, general director of BIG CEE Serbia.
“Thanks to our rich international experience, BIG is dedicated to providing our visitors with the best possible shopping experience. We are happy to open BIG FASHION Park as our fifth retail location on this market. Of course, we aren’t stopping here since we are planning on further expanding in different fields of real estate in 2020” – said Robert Yahav andadded that Serbia is a very interesting country for BIG CEE investments.
The new shopping center with the capacity of 15.000 square meters houses Maxi, Galerija Podova, Pet centar, Home center, NonStop fitness, Galen Pharm, CoffeeDream, DM, Jysk, Babylon park, UniCredit bank, Nacionalna klasa, WinWin, Sanioptik, Golden Beauty, Media Plus and Exclusive Change.
September 30th, 2019
BIG CEE purchases Capitol Park Rakovica!
BIG CEE has purchased Capitol Park Rakovica in Belgrade for EUR 32.5 million, in its fourth real estate deal since the beginning of 2019. The center has 23,000 square meters. This acquisition increases retail space area that BIG owns in Serbia up to 130,000 square meters in 5 different properties.
“The company intends to continue expanding in Serbia and the region, given the accelerated growth of the country’s economy in recent years. The economic growth is noticeable in all aspects of agriculture, tourism, commerce and real estate. Private consumption grew 6.5% in Serbia in 2018. We enjoy being a local player with excellent connections with the world of tenants” , says BIG CEE CEO, Robert Yahav.
BIG announced this year that it will introduce the Decathlon network to Serbia. The first shop of Dechatlon will be opened in December 2019, in a new 15,000 square meters retail complex that is under construction near the shopping mall BIG Fashion in Visnjicka street, Belgrade.
Rakovica shopping center serves a target population of about 500,000. The center has a rental mix that includes a supermarket, cinema complex, cafes and restaurants, DIY, fashion chains and sport stores.
BIG has operations in Israel, Serbia and the USA.
May 13th, 2019
BIG Shopping Center now in Pancevo!
Good news for the citizens of pančevo and its numerous visitors. the popular shopping center Aviv Park Pancevo has become a part of the well-known family of the BIG Shopping centers in Serbia.
On this occasion, last weekend, on May 11-12th, many attractive activities for the whole family were organized in the shopping center to celebrate this festal event.
Aviv Park Pancevo, which has officially become BIG PANCEVO, has been a synonymous with good shopping and entertainment for years.
The Centre is located in the very heart of the city and offers a large selection of local and foreign brands in the field of fashion and sport. Also, the BIG PANCEVO shopping centre has the CineStar, a modern multiplex cinema complex, the first of its kind in Pancevo.
In addition to BIG PANCEVO shopping center, there are also BIG FASHION in Belgrade and BIG in Novi Sad, which are successfully operating within the BIG family in Serbia. One of the most recent projects still under construction is the BIG FASHION Park, with the opening date announced for the second half of 2019. BIG CEE is a part of BIG Shopping Centers Israel, which currently holds and manages 58 active shopping centers throughout the world.
March 4th, 2019
New owners of AFI Properties – BIG Shopping Centers Israel
On Monday, 4th March 2019, Israeli investor and developer BIG Shopping Centers, in partnership with other Israeli investors, took over 51% shares of AFI Group Properties.
