Over the past period, the main response to the lack of quality, modern office space in the Serbian capital has been resolved by building new meters in New Belgrade area. Novaston Asset Management’s commercial real estate experts point out that in recent years there has been a price increase per square meter in older renovated buildings, as the result of growing demand from domestic and foreign companies for offices in the city center — principally due to infrastructure and location, as well as prestige. “Their value is almost equal to newly built buildings, which until recently had an advantage in the office space market due to the application of modern construction standards and modern design,” says Sanja Svilar, Commercial Services Manager at Novaston.
One of the best locations in Belgrade for companies is in the very city center and the main pedestrian zone — in Knez Mihailova. The combination of tradition and modernity best describes Rudnap’s former building, which after the reconstruction will become a high-quality functional Class A office space according to the latest architectural and design standards. As part of the Novaston platform, Novaston Asset Management is doing lease of office space, which will be available in early fall this year.
The building from the late 19th century has significant historical value, surviving shelling in the Great War and then several bombings during the Second World War. Its location is extremely appealing — Vuka Karadžića Street 6, on the corner with Knez Mihailova and diagonally from the Serbian Academy of Sciences and Arts.
“The building will have five floors, with more than 1,400 m2 of high-quality office space for renting. The typical floor is around 270 m2. The exception is the ground floor space, which is around 70 m2 — ideal for service businesses like cafes and restaurants. The first two floors — as the oldest part of the building built in the 19th century — have high ceilings, which is a characteristic of the apartments of the time. In addition, the fifth floor will be especially appealing, which — in addition to the high ceiling and skylights — also has a really impressive dome,” explains Sanja Svilar.
Today known as the former Rudnap building, the Belgrade landmark was built between 1870 and 1875. It used to house the famous hotel Russia, whose owners were the famous merchant family Barlovac. The building was extended several times during the 20th century, in keeping with the period’s predominant construction trends, which made it one of the city center’s symbols. The future prestigious office space, reconstructed and furnished iin line with the 21st century standards, will be the right place for companies with tradition.