Photo: Delta Real EstateSerbia has long been recognized globally as a growing market and one of the most attractive destinations for foreign investors. Regarding domestic investors, one company stands out due to its construction standards, implementation concepts, and innovative solutions: Delta Real Estate. We interviewed Miloš Grdinić, Development and Asset Management Director, to find out why they are the leading company in the real estate industry in Southeast Europe.
You joined Delta Real Estate at the beginning of the year, but it is interesting that you were once an employee of the company. What were the key factors that led to your decision to return and contribute to the development of the company with your experience?
Personal and professional growth is a priority in my life and I always knew that my path led me where the conditions for advancement were most favorable, which is actually the key reason for my return to Delta Real Estate. It is very important for me to participate in the improvement of a company that promotes green building principles, along with people who love their jobs. We are all witnessing catastrophic climate change. I believe that socially responsible business management should take a leading position in business strategies. I am pleased to have the opportunity to work again with enthusiastic and innovative people who believe in what they do. After researching the market throughout the region, the conclusion was clear: continuous development to the level of global standards is precisely the case in Delta Real Estate.
The Delta Iron project in Novi Sad / Photo: Delta Real Estate
Green building is becoming increasingly important in today's world, and Delta Real Estate stands out for promoting this approach. What is new that you have introduced to the Serbian market?
The initial wave of green building in Serbia has been initiated. I am happy to say that I work for a company that drives socially responsible investments. We are one of the first companies in Serbia to meet Gold LEED certification standards through our projects. The Delta House building, which represents the home of the Delta Holding corporation, has precisely that certificate. In line with maximum environmental protection, we have implemented highly efficient systems and introduced state-of-the-art technological solutions: a rainwater tank, bipolar ionizers for air purification, solar panels, and plastic balls as an easy concrete structure. The greenery area, with over 1,300 m2 on the roof of the building and plot, is larger than the Delta House building itself. In addition to building new facilities, we have started projects in the field of building reconstruction that are of cultural and historical significance to Belgrade and Serbia. The mentioned projects will follow global ecological standards, thereby making existing buildings energy-efficient and compliant with sustainability requirements, contributing to the fundamental revitalization of Serbia within the real estate industry.
The Delta Land project will mark company's return to residential construction / Photo: Delta Real Estate
Delta Real Estate recently announced plans to begin several large projects. Can you tell us more about these projects and what makes them unique?
We are committed to our vision, which includes innovation, functionality, and eco-sustainability. Four new projects—Sava Center, Delta Iron, Delta Land, and Delta Distrcit—are examples of this commitment. I would like to highlight Delta Iron, a business complex located in Novi Sad, designed as a group of four buildings with a total area of 40,000 m2. With the unique shape of this complex and green construction, we contribute to the modernization of the city. Statistics show a clear need for business spaces in Belgrade, and Delta District complements this market with three new A+-rated buildings. In the first part of the project, we will realize more than 45,000 m2, of which 20,000 m2 will represent the first office building built in this complex. In addition to the office buildings, an exclusive 5-star hotel is planned. Each individual office will be unique thanks to the impressive architecture and panoramic views of the capital. In addition to the office buildings, an exclusive 5-star hotel is planned. Sava Center and Delta Land projects are especially important to us as they involve the reconstruction of buildings with exceptional historical heritage. The implementation of Delta Land is planned for this year. It is a mixed-use project, which marks our company's return to residential construction, and in addition to modern apartments on 138,000 m2, this location will also have a business portion of 30,000 m2 and retail space of 19,000 m2. Our goal is to provide citizens with a better quality of life in an eco-sustainable new settlement that carries the history of Belgrade. The reconstruction of the largest congress center in Southeast Europe at 100,000 m2 is a privilege, and it requires exceptional expertise and precision from our team. The works are progressing successfully for the opening in November 2023.
The Delta District projects includes the construction of three new office buildings and a 5-star hotel / Photo: Delta Real Estate
Delta Real Estate has a 20-year tradition in the real estate business. How have you adapted to changes, and what are the biggest opportunities for your company in the future?
The key to our success lies in continuous learning and caring for our employees. Only in 2022 did we increase revenue and EBITDA by over 55% compared to 2021. The success in numbers is only proof of quality management and the expertise of our experts, who are always ready to find innovative and sustainable solutions for our projects. In the future, we see the biggest opportunities in continuing the development of green projects and the reconstruction of buildings with cultural and historical significance in accordance with the highest global ecological standards, thus contributing to further modernization and sustainable development in Serbia.
By: Jovana Nikolić
Photo: Delta Real Estate
