shopping centers serbia · big fashion outlet inđija is the first outlet center in serbia, which...
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SHOPPINGCENTERSSERBIA
BIG SHOPPING CENTERSBIG Shopping Centers Ltd. (“BIG”) – headquartered in Herzliya, Israel – was founded in 1994 by Yehuda Naftali with the vision of developing American styled open-air shopping centers in Israel.Today, the company operates in three countries - Israel, the United States and Serbia - where it has ownership (entire or partnership) in 64 projects, 54 of them being operational shopping centers, totaling more than 1.22 million sq m, and 10 under development. In addition, the company owns 4 logistic centers in France.BIG’s senior management, led by Yehuda Naftali and Eitan Bar Zeev, has vast experience in both retail development and shopping centers operation.Operations are based on a vertically-integrated structure of leasing, property management, acquisitions, development, construction management, legal and accounting/reporting functions.BIG is a publicly traded company, traded on the Tel Aviv Stock Exchange, and listed in the TA 125 Index (top 15 real estate companies in the TA stock exchange).The company was traded on the TASE in August 2018 at €850 million, and its total balance sheet assets in June 2018 were at €2.5 billion.
*Values in this book were derived from an exchange rate of 4.2 NIS/1 €
Yehuda Naftali | FounderMr. Naftali has over 40 years of experience in the business of site location, construction and management of open air shopping centers. His real estate career began in West Hollywood and West Los Angeles developing and redeveloping commercial properties for retailers.
Eitan Bar Zeev | Chairman of the BoardMr. Bar Zeev serves the principal leadership role for the execution of BIG’s overall business strategy, and brings a variety of experience in all aspects of retail, marketing, acquisitions and brand building. Mr. Bar Zeev joined BIG in 2004 after 11 years with McDonald’s Israel where he served as President before joining BIG.
Hay Galis | CEOMr. Galis serves as the CEO of the company, replacing Mr. Bar Zeev, who became the chairman of the board. Mr. Galis joined BIG in 2003, and has been involved in almost every major deal which the company has made since. Mr. Galis has over 20 years of experience in retail real estate, with focus on management, leasing and marketing.
MANAGEMENT
Robert Yahav | CEO BIG CEE SerbiaMr. Yahav has a track record of over 20 years of experience in International Business & Projects Development, with proven activity in wide range or projects in the CEE region.
Uzi Eli, Adv. | VP International Business DevelopmentMr. Eli leads international activities and unique projects of the Group.Mr. Eli joined BIG in 2018 after serving as General Counsel and a member of the senior management of Plaza Centers Group for more than 11 years; as part of his role, Mr. Eli oversaw and led complicated public offerings, M&A and finance transactions across Europe, India and the US. Prior to that role, Mr. Eli was a senior associate in one of the leading law firms in Israel. Mr. Eli is a licensed Attorney at Law and has an MBA degree, specializing in finance and accounting.
Assaf Nagar | Executive VP & CFOMr. Nagar is a licensed CPA and joined BIG in 2007, after 3 years as Senior Manager in Ernst & Young Israel. Mr. Nagar is managing the Group's financial department and is in charge of its Investors Relations.
PROPERTY PORTFOLIOBIG ISRAEL24 operating centers345,000 sq m in total+8 under development
BIG SERBIA6 operating centers 140,000 sq m in total+1 residential and business center under development+2 plots for future development
BIG USA27 operating centers690,000 sq m in total
BIG FRANCE4 logistic centers
BIG SERBIA
BIG Group expanded into Serbia in 2008. Our subsidiary BIG CEE, was formed to develop shopping centers in Serbia, one of the fastest growing markets in Central and Eastern Europe.
Under its long-term holding strategy, BIG CEE’s primary focus is development and management of owned assets.
From 2016, the company started with acquisitions and mixed-used developments, including residential and office projects.
Future plans of BIG CEE are focused on acquisitions of logistic centers, offices, as well as retail centers of smaller formats.
CENTERS IN SERBIA
6 operating centers
140,000 sq m in total
FASHION OUTLET Inđija
Novi Sad
Pančevo
Rakovica
OPERATING CENTER
FASHION Park Beograd
FASHION BeogradŠabac
Jagodina
PLOTS
BIG NOVI SADStatus: Opened 2012GLA: 37,500 sq mOccupancy: 100%Parking Spaces: 1,500
BIG NOVI SAD is the first shopping center opened by BIG in Serbia and the first shopping center opened in the city of Novi Sad. The project comprised of two box buildings on each side of an enclosed mall and a stand-alone cinema building. Opening of the third box building (GLA 8,000 sq m) which will be hosting the second Decathlon store in Serbia, is scheduled for 2020.
Opening 2019
NEW WING OPENING 2020GLA 8,000 sq m
BIG FASHION BELGRADEStatus: Opened 2017GLA: 32,000 sq mOccupancy: 100%Parking Spaces: 800
BIG FASHION BELGRADE is the second shopping center opened by BIG in April 2017. First modern-style shopping and entertainment center in the old part of Belgrade offers a variety of flagship stores, including retailers new to the Serbian market and the most modern cinema according to the latest international standards.
BIG FASHION PARK BELGRADERetail GLA: 15,000 sq m opened 2019Residential and Office GLA:90,300 sq m opening 2021Occupancy: 100%Parking Spaces: 2,160
OUTDOOR + INDOOR PARKING
Total places: 2,160
OFFICE BUILDING15,000 sq m
FIRST DECATHLON
STORE IN SERBIAOpened
December 2019
COMMERCIAL AREATwo levels
15,000 sq m
INDOOR PARKING
RESIDENTIAL AREA75,300 sq m
BIG FASHIONmall in operation
In addition to the existing BIG FASHION shopping center, by Q2 2021, BIG will finalize BIG FASHION PARK, a unique concept that combines a retail park, residential and office areas. In December 2019, BIG officially opened the first part of the project - a retail area with the first Decathlon store in Serbia. Project totaling 105,300 sq m, comprises of a residential area with 1,000 apartments, an office building and a retail area. BIG FASHION PARK will introduce the first mixed use project of its kind to the Belgrade market.
BIG PANČEVOStatus: Opened 2011GLA: 27,900 sq mOccupancy: 100%Parking Spaces: 800
BIG PANCEVO as the biggest shopping center in the southern part of Vojvodina, was opened in June 2011. The Centre offers a broad range of local and international brands, numerous venues for family entertainment with a rich selection of restaurants, cinema halls, and spacious parking area.
BIG FASHION OUTLET INĐIJAStatus: Opened 2012GLA: 11,200 sq mOccupancy: 100%Parking Spaces: 1,200
In June 2019, BIG became a majority shareholder of the Fashion Park Outlet Inđija through the partnership with the Fashion Company. BIG Fashion Outlet Inđija is the first outlet center in Serbia, which offers famous global designer brands.
BIG RAKOVICAStatus: Opened 2017GLA: 23,000 sq mOccupancy: 100%Parking Spaces: 700
In September 2019, BIG acquired ownership of the Capitol Park Rakovica, located in southern part of Belgrade with a target population of about 500,000. The mix of different international and local brands and services is what makes this project the ideal place for shopping and leisure for the whole family.
BIGTENANTS
UNITED COLORSOF BENETTON.
OUR GOALSLong Term HolderBIG’s strategy is to hold of all the assets and projects long term and enjoy its yielding income.
Excellence in Management of Our Properties and Brand BIG, a leader in branding and operations, takes all precautions to achieve optimal design, and timely and budget conscious execution of development projects.
Growth with Security BIG seeks to grow its portfolio of shopping centers in its global operations. BIG focuses оn acquiring existing quality shopping centers in high growth markets in the United States, along with relatively low risk development in its other markets.
Develop Our People BIG prides itself on its experienced management team; collectively displaying strength in retail. Our investment in human resources creates a successfully sustained business model.
Contribute to Our Communities and the Environment BIG actively contributes to the communities surrounding its ventures. BIG invests in the јоу and education of children in need bу providing activities and significant monetary contributions to neighboring organizations. Оn the environmental front, BIG is а leader in equipping the rooftops of its shopping centers with solar panels, producing green energy.
