UDI Group is launching its next residential project Zvezdano Brdo (Starry Hill) in the capital of Serbia, Belgrade. Serbia is the largest foreign market for the Czech UDI Group. It is building or preparing four projects here, including the entire new Duga district for CZK 14 billion (€555 million).
Zvezdano Brdo is a project that will be created on the brownfield site of the former Kurir printing house. A total of 341 apartments of a higher standard, 443 underground parking spaces and several retail units on the ground floor of the building will be created in Old Belgrade. The group plans to invest CZK 1.5 billion (€59.5 million) in the project. There are various civic amenities in the neighbourhood, a new Lidl store was built directly on the opposite property. The group already has Erste as a selected financing bank. It will take over the financing after the sale reaches a third of the apartments. Until then, the developer will finance the construction with his resources. The sale of apartments has already started.
The plot preparation has now begun with demolition work. The construction will follow at the beginning of next year with Termomont as the general contractor. The author of the project is the local architectural studio Arhi.PRO.
