The real estate market in CEE is flourishing and the Eastern European countries go ahead of the traditionally strong North. Based on the Study "Top 100 Business Parks in Europe", conducted by the Austrian firm ITB Europe, the ongoing construction of ICT Business Park in the Serbian town of Indjija is expected to be ranked first in Europe.
According to the research, two of the biggest real estate projects, ever ranked among the leaders, bear reference to Austria and CEE. One of the newest business parks is the Vienna-based Siemens City that will be completed in 2010. The other ambitious CEE-project will be established in the Serbian town of Indjija and is expected to be ranked first in Europe. This investment goes hand in hand with the current upwardly developing economic environment in Serbia. The latest CEE investment trends and recent projects in the region will be presented at the Real Vienna fair from May 27 to 29, 2008.
The Study on Europe's Top 100 Business Parks identifies real chances in CEE
Currently in Europe there are more than 100 ICT specialized or mixed business parks. The biggest ones are situated near universities, namely in Kista, Sweden (Kista Science City) and Cedex, France (Technopole du Futuroscope). According to the study conducted by ITB Europe, the recent trends show a dynamic development in the CEE region particularly in the real estate scene. It can soon be transformed into the Silicon Valley of Europe, overtaking the leadership of the recent mainly northern top locations for ICT properties.
The real estate market in Serbia is booming
The first sizeable ICT related business park in former Yugoslavia is to be built in the community of Indjija, Serbia's Digital City, situated between Belgrade and Novi Sad. The Indian consortium Embassy Group has signed a memorandum of understanding with the Mayor Goran Jesic, initiator of Indjija's high tech and real estate boom. According to the project's master plan, the park will cover about 25,000 m