Airport City

What Airport City does

Airport City Belgrade is the first and largest business park in Serbia, operating since 2006 on the site of the former New Belgrade airport in Block 65. It is owned and developed by AFI Europe, an Israeli real estate developer that has operated in Serbia since 2004 and runs multi-country portfolios across Central and Eastern Europe. The campus comprises 185,000 sqm of Class A commercial real estate across 13 buildings (with two additional towers under construction), 3,200 parking spaces, and on-site amenities including restaurants, banks, cafes, a supermarket, pharmacy, private hospital, car rental, and car wash, supported by 24/7 security and property management services.

The core product is leasable premium office space, with buildings offering floor plates ranging from 7,000 to 15,750 sqm; the newly completed Business Avenue Tower 1 (15 floors, 22,715 sqm total NLA, 267 underground parking spaces, 6 elevators, 3.53m ceiling height, 4-pipe HVAC, glazed facade) exemplifies the technical standard. The park holds LEED Gold certification from the U.S. Green Building Council, covering water efficiency, air protection, and waste/CO2 reduction, placing it among only approximately 10 such certified projects in Serbia. A 3D virtual tour is available for prospective tenants.

Revenue is generated through subscription-style commercial real estate leasing, billed annually at quote-based rates negotiated directly with enterprise tenants. The go-to-market is sales-led, using a direct enterprise field sales motion with a dedicated leasing team and a "Schedule a Meeting" contact system. The tenant base comprises 140+ national and international enterprises across logistics (DHL, Kuehne+Nagel), technology (Siemens, Huawei, Cisco, Sony, Canon), manufacturing (Bosch, Beko, Grundfos, Kone), banking (Banca Intesa, OTP Banka), beverage (Heineken), chemicals (BASF), healthcare/pharma (Bayer, MSD), energy (OMV, Wind Park Plandiste), mining (Zijin Mining), and agriculture (Syngenta). The company is privately held and headquartered at 88-90 Omladinskih Brigada Street, Belgrade, with 11-50 employees managing the asset.

Name

Airport City

Legal name

Airport City Belgrade

Website

https://airportcitybelgrade.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Airport City Belgrade is a 185,000 sqm Class A office business park in Belgrade, Serbia, owned by AFI Europe. It leases premium LEED-certified office space across 13 buildings to 140+ multinational tenants spanning logistics, technology, manufacturing, finance, healthcare, and energy.

Ownership category

akta.pro rank

Headquarters

HQ city

Belgrade

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Commercial Real Estate Leasing: Primary revenue from leasing A-class office spaces to domestic and international companies. Flexible, tailor-made office spaces meeting demands of modern business with buildings offering various floor plans and sizes ranging from 7,000 to 15,750 sqm leasable area.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Airport City Belgrade operates a 185,000 sqm A-class business park comprising 13 buildings in New Belgrade, Serbia, leasing premium office space to multinational corporations and domestic enterprises. The park provides tailor-made office spaces ranging from 7,000 to 15,750 sqm per building, along with comprehensive on-site amenities (restaurants, banks, cafés, supermarket, pharmacy, private hospital, car rental), 3,200 parking spaces, 24/7 security, and LEED Gold certified sustainable infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• A-Class Office Space Leasing Premium A-class office space for rent across 13 buildings in the Airport City Belgrade business park, providing flexible, tailor-made office configurations for multinational corporations and domestic enterprises seeking a prestigious business address.
• Business Avenue Tower 1 A newly completed 15-floor A-class business tower at the entrance to the Airport City Belgrade complex offering modern office spaces with natural light, luxurious lobby, inspiring views, and typical floor plates of approximately 1,430 sqm for enterprise tenants.
• Parking Services On-site parking facilities within the business park providing 3,200 spaces across outdoor and underground garages, with reserved spaces for tenants and guest parking sections.
• Property Management Services On-site facility management including regular cleaning, maintenance, and hygiene protocols to ensure a safe and healthy environment for all tenants throughout the business park.

Quantifiable outcome

• Over 140 national and international companies have chosen Airport City Belgrade as their business location
• +1 more outcomes

Named customers22 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• AC Hotel by MarriottcoreStrategic or Co-development Partner · 1 January 2025The prestigious AC Hotel by Marriott will occupy the first six floors of one of the Business Avenue towers under construction, featuring 209 modernly equipped rooms. This partnership adds hospitality services to the business park ecosystem.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• HB Reavis: Slovak-origin CEE office developer (now under new ownership) with landmark A-class developments in Warsaw, Budapest, Prague, and Bratislava. Comparable product category and tenant targeting.
• CA Immo: Vienna-based office real estate specialist with portfolio concentrated in Germany, Austria, and CEE capitals. Comparable A-class office product and multinational tenant base.
• Immofinanz: Vienna-listed commercial real estate company with significant office portfolio in CEE including Romania, Czech Republic, Hungary, and Serbia. Competes for multinational tenants seeking A-class space in similar submarkets.
• NEPI Rockcastle: Largest listed CEE real estate platform focused on retail and office assets across Romania, Poland, Hungary, Czech Republic, Slovakia, Bulgaria, Serbia, and Croatia. Competes for capital and multinational tenants in the same CEE markets.
• Globe Trade Centre (GTC): CEE-focused office and retail real estate developer/operator listed in Warsaw with portfolio of A-class office buildings across Poland, Hungary, Romania, Serbia, Croatia. Comparable tenant profile and product category.
• Skanska Commercial Property Development: Global construction and real estate developer with a CEE commercial development arm (Poland, Romania, Czech Republic, Hungary) delivering A-class office buildings. Comparable sustainability credentials and enterprise tenant focus.

Direct peers

• CTP: European listed developer of business and industrial parks across CEE (Czech Republic, Romania, Hungary, Serbia). Operates large-scale multi-tenant business parks targeting enterprise occupiers, comparable in concept to Airport City Belgrade.
• Belgrade Waterfront: Large-scale mixed-use development on the Sava riverfront in Belgrade featuring A-class office, residential, retail, and hotel components. Most direct competitor in the premium Belgrade office market targeting multinational tenants.
• MPC Properties (Ušće Tower complex): Belgrade-based real estate developer operating landmark office towers (Ušće Tower) and major commercial properties in the same New Belgrade submarket as Airport City. Competes for the same multinational tenant base.
• AFI Europe (parent company other CEE assets): Parent of Airport City Belgrade; operates AFI Business Park Warsaw and other CEE office/retail assets. Sister properties share capital allocation, tenant relationships, and operational best practices, providing the closest internal benchmark.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/AirportCityBelgrade
• LinkedInlinkedin.com/company/airport-city-belgrade
• Instagraminstagram.com/airportcitybelgrade

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Airport City