Urban Development Project, Belgrade

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Singidunum Buildings DOO Beograd (55% participating interest of LAMDA Development, 45% EFG Eurobank group) owns land of approximately 3,400,000 sq.m. in the close surroundings of Belgrade, next to the airport and specifically in the area where the new ring road of the city has been constructed. It is expected that this investment will provide the company with considerable capital gains since it has been recently included in the city of Belgrade General Urban Plan and relevant land development through Detailed Urban Plan adoption is foreseen.