JPM advises Swedish furniture giant IKEA on establishing operations in Serbia

JPM advises Swedish furniture giant IKEA on establishing operations in Serbia

On April 14, Swedish furniture producer IKEA has commenced construction of its Belgrade department store. Finally, foundations of IKEA’s first Serbian store have been laid in Bubanj Potok, 14 km from Belgrade city centre.

Customers will be able to buy first pieces of IKEA furniture by mid-2017 at the facility spread across 34,000 m2. IKEA indicates there will be a full range of around 9,500 products at prices affordable to Serbian customers. The department store will boast 1,500 parking places, a restaurant for more than 500 patrons, a bistro, a Swedish food shop and a play centre for children.

JPM Jankovic Popovic Mitic has provided comprehensive legal representation and advisory with respect to various real estate, construction, licensing, general contractual and ongoing regulatory compliance matters.

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