Nordeus

Extension & Expansion | Belgrade, Serbia

Results

• Secured a stand alone A-class office building, fully adapted to the requirements of the company that will be its sole tenant.


Key facts & figures

• Total area leased: 6,000 stand alone building

• Five year lease with extension possibility

• Accomodated an additional headcount growth totaling 250

C&W CBS International have been working with Nordeus on their real estate requirements in Belgrade for the past three years. In 2018, there was a requirement for stand alone office building to relocate and expand Nordeus exsisting premises and fully adapt them to macht requiremenst of the company.
CBS International Office Brokerage Team on behalf of the client, guided the process with the investor from the very beginning: identification of Nordeus’ requirements, market research, presentation of potential options and final commercial-legal negotiations that resulted in the lease agreement signing.
Supervising all phases of building from planning and design, through preparation and execution of construction, to final close-out and delivery of the project. Assistance in defining the detailed design brief to fully meet Client’s requirements; Monitoring detailed design preparations according to Client’s requests; Survey and monitor the contract of construction company; Monitor preliminary time schedule and construction progress; Project progress reporting on a weekly level; Tracking the budget; Providing quality control and on-time delivery of the Project; Coordinate and arrange all improvements to the Project made by or at the request of Client; Execution of handover of the premise with snag list and close out of the project; Budget close out / payment tracking; Move Management.

CHALLENGES

• Relocation into new stand-alone office building

• Client have customized requirements of fit out and services.

• Need to be in New Belgrade’s Central Business District

SOLUTION

• CBS International was engaged in all phases of the process – from spatial and budget analysis of the site that helped the client to select and decide on the most desirable location, through the definition and monitoring of the budget and work dynamics, coordination of communication between all participants in the design process and the execution of works thereof, to the final relocation of Nordeus to their new address.