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


  • 2015 Revenue:
  • €5m
  • 2014 Revenue:
  • €5m
  • Date of original investment:
  • October 2007
  • MIG Ownership (31 December 2015):
  • 83.0%


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 of 199,000 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 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 (c6,800 sqm NLA).

JSC Robne Kuce Beograd    
Financial Summary (€m) 2015 2014
Current assets 1 6
Non-current assets 404 418
Total assets 405 424
Total Equity 19 52
Sales 4 5
EBITDA 2 0
Net profit / (loss) after minority -34 -19