» Introduction

The project investment will be carried by joint venture of "Falkensteiner Michael's Tourism Group” and investment fund "MOF Beta Estate AG”.

This is a project of 24,200 square meters, which will be built on the site of Block 11a in New Belgrade, near the center of VIG Plaza building and “Energoprojekt” headquarters in the Mihajlo Pupin boulevard. The value of investment is estimated at 40 million Euros, while the completion of the project is planned for the second quarter of 2012.

This modern complex will include interconnected hotel and office tower of 11 floors (ground + 11 floors). A four-star hotel will have 171 room, suites, conference room, an area designed for ceremonies and celebrations, spa and "Executive lounge". The renowned architect originally from Belgrade, Boris Podrecca, who lives and works in Vienna, is the author of entire concept of this modern city hotel in New Belgrade.

Dr. Alexander Rössler, CEO of the joint stock company FMTG, said that the company was extremely pleased with the expansion on the Serbian market, where their company will be able to offer more top destinations for their business clients.

"FMTG AG” is otherwise currently available in Austria, Italy, Czech Republic, Slovakia and Croatia, with 27 hotels in the range of 4 and 5 stars. This project will make Serbia the sixth market where "Falkensteiner Hotels & Residences” will be present with their investments.

» Investor

"Falkensteiner Michael's Tourism Group” and investment fund "MOF Beta Estate AG”

» Location

Block 11a New Belgrade

» Size

24 200 square meters hotel, office building

» Deadlines

To be finished in second quarter of 2012