• Real Estate
  • trading assets
  • Leased to high profile, prime tenants, our real estate portfolio consists of commercial properties and office space


  • 2016 Revenue:
  • €5m
  • 2015 Revenue:
  • €4m
  • Date of original investment:
  • October 2007
  • MIG Ownership (31 December 2016):
  • 83.1%


Robne Kuce Beograd (RKB) is specialised in real estate management and retail space arrangement in Serbia. RKB is historically the largest real estate department store and shopping centre chain in the countries of former Yugoslavia and one of the largest in Europe with a total net leasable area (NLA) of approx. 200,000 sqm. As such, it benefits from a remarkable real estate portfolio in attractive, non-replicable and centrally located venues across 24 cities.

The real estate portfolio comprises of 32 department stores in Serbia of total approx. 150,000 sqm (of which 9 in Belgrade), 1 unique in size and location logistics centre in Belgrade and one of the largest office buildings in the city centre of Belgrade (approx. 6,800 sqm NLA).

JSC Robne Kuce Beograd    
Financial Summary (€m) 2016 2015
Current assets 2 1
Non-current assets 276 280
Total assets 277 282
Total Equity -131 -104
Sales 5 4
EBITDA 2 2
Net profit / (loss) after minority -28 -157