Colliers Montenegro the Exclusive Leasing Agent for the Mall of Montenegro in Podgorica

Podgorica, Serbia and Montenegro, June 19, 2008 --(PR.com)-- Colliers International Montenegro has announced that it will be the exclusive leasing agent for the Turkish company Gintasmont's Mall of Montenegro project in the Montenegrin capital Podgorica. Gintasmont is a sister company of Gintas Group from Turkey.

Gintas initially constructed the Green Bazaar project in a joint venture with the Municipality of Podgorica and is now creating the Mall of Montenegro by adding additional retail units in a second phase of construction with a third phase of construction featuring office/hotel/residential units. The second phase will increase the project with a net leaseable area of 2,252 m2, and the third phase will bring an additional 17,000 m2 of net leasable area.

Neset Tahir Dogru, General Manager, Gintasmont and Member of Board of Directors, Gintas Inc., stated that "Mall of Montenegro is going to become the largest retail development in Montenegro and is an important project for both Gintas and Montenegro. The social and economical contribution of this development will positively affect the improving image of Montenegro."

Aleksandra Cvetanović, Senior Broker Consultant, Colliers International Montenegro, said, ''It is a pleasure for us to work with such a major company as Gintasmont and we expect to make a big and positive change in the retail sector in Podgorica and Montenegro through this project.’’

Andreas Marambos, Managing Director for Colliers International Montenegro, concluded, “Colliers International is the only major international property consultancy to have an office in Podgorica and naturally we are in a very good position to deliver on major leasing deals like this. The Mall of Montenegro project will play a big role in the future of Podgorica and is an extremely exciting one for us commercially; we look forward to making it a huge success.”

Colliers International Southeast Europe was named Property Consultant of the Year for the region in 2008 for the third straight year. It has ten offices in six countries: Albania, Bulgaria, Croatia, Greece, Montenegro and Serbia, and performs selected assignments in Slovenia, Bosnia & Herzegovina, FYR of Macedonia, and Cyprus.

Colliers International Southeast Europe currently has 3,000,000 m2 of projects under exclusive representation. It is bigger than all three of its nearest competitors put together, and has averaged growth of 69% in the last five years per annum.

Colliers International is a worldwide affiliation of independently owned and operated companies.

###