Montenegro Mall

completed

Under a public-private partnership (the Partnership) with the Municipality of Podgorica (the Municipality), Gintas Construction Contracting & Trade Inc., Turkey (Gintas or the sponsor) will be developing prime retail space in central Podgorica. The sponsor and the Municipality have agreed to terms whereby the sponsor will construct a multi tenant, open-air market (bazaar) which will be owned by the Municipality, and in return for this work, the sponsor will receive adjacent land to develop its own modern shopping mall (the project or the Mall). The project will be the first of its kind in Montenegro and will introduce new retail standards and best practices in the country.Within an overall site area of over 50,000 square meters(“m2”), the sponsor will rebuild an existing 13,000 m2 “bazaar” site called “Velika Pijaca”, to be owned and operated by the Municipality. The remaining area of over 37,000 m2 will be for the project. Once the project is complete, the shopping mall will accommodate mixed use leaseable area including a hypermarket, large stores, retail shops, and office space. The shopping mall will offer cinemas, entertainment facilities, an outdoor entertainment square, open and covered car parking, a food court, restaurants and cafés.