Banking & Finance Update

Karanovic & Partners Advised BIG Shopping Centers on Israeli Stock Exchange Transaction

BIG Shopping Centers Ltd, the controlling shareholder (approx. 95 pct) of BIG CEE, has successfully raised 205 mln new Israeli shekels (approx. 55 mln euros) by issuing secured bonds on the Israeli stock exchange by refinancing the BIG Fashion Kragujevac, BIG Krusevac and BIG Fashion Outlet Indjija shopping centres in Serbia. BIG Group intends to use the proceeds from this bond issue to advance further its expansion in Serbia and the Balkan region, the company representative stated.

Karanovic & Partners advised BIG CEE on this transaction, alongside law firms Dentons and Weksler Bregman. Karanovic & Partners team involved Senior Partner Miloš Vučković, Partners Katarina Gudurić and Maja Jovančević Šetka and Associate Dimitrije Ilić.

BIG CEE Group is among the leading investors in retail real estate, having a portfolio of nine shopping centers in Serbia and four additional residential, office and logistics projects.


* Partner / Associate refers to Independent Attorney at Law in cooperation with Karanovic & Partners.

The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.