Globe Trade Centre S A : GTC lays cornerstone for Ada Mall

• The cornerstone ceremony took place on 6 March
• Ada Mall will have 34,000 sq m of modern, well designed retail space
• Project is scheduled for completion in Q3 2018

The ceremonial laying of the cornerstone for Ada Mall, GTC's latest retail investment in Belgrade, was held on 6 March 2017. It was attended by representatives of the investor, its partners and city authorities.

GTC received the final building permit for Ada Mall in mid-February 2017. The plot for the retail project stretches along Radnička Street, opposite the popular Ada Ciganlija recreational zone.

'At GTC, we strongly believe that with its great location, the state-of-the-art design concept and it's very attractive leisure offer Ada Mall will become the preferred shopping destination in Belgrade' commented Thomas Kurzmann, GTC's CEO.

Last year, GTC celebrated 15 anniversary of successful operations in Serbia and it doesn't slow down the pace.

'We are more than satisfied with the performance of our existing office portfolio in Belgrade, however it is always a pleasure to launch another project. Additionally, as Ada Mall is our first retail investment in Serbia, it marks an important milestone of our operations in the country' commented Peđja Petronijević, GTC General Manager in Serbia.

Ada Mall will have approximately 34,000 sq m of gross lettable area (GLA) with 1,000 designated parking places and will be designed and built according to the highest international standards. The development is located in Cukarica, directly opposite Ada Ciganlija. The opening of the mall is scheduled for autumn 2018.

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