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Juljan Mane: Tourism is a key driver, retail growth will come from quality

Juljan Mane- Vice President Retail, BALFIN Group As recently reflected in the media, Juljan Mane shared a clear outlook for 2026: retail is expected to continue on a stable growth path, with tourism remaining a key factor shaping demand and category mix. The main message is that future growth will rely less on pure volume […]

Promoted four times, trusted to lead: Milos Vucetic’s success story

Miloš Vučetić, Operations Controller at Jumbo Montenegro This is not a typical success story interview built around questions and answers, and we intentionally kept it that way. We wanted this story to remain authentic: one voice, one journey, told simply and sincerely. Because growth at Balfin Group is not always planned, but when dedication meets […]

Start with BALFIN: A Glimpse into the future

Curiosity, ambition, and lots of great questions, this was the spirit of “Start with BALFIN”, the initiative that welcomed employees’ children into our companies for a real-life glimpse into the professional world. Across BALFIN Group, young participants explored departments such as Management, HR, Finance, IT, Customer Service, and Technical Teams, spending time alongside our professionals […]

JUMBO Recognition Event 2025 was all about wins, people, and what’s next

As you might have already seen on social media, JUMBO brought together around 100 colleagues, partners, and leaders on April 23rd for a dynamic event focused on reflecting on achievements, sharing insights, and setting the direction for the future. The event opened with Elona Stroka and CEO Ani Xhetani, who welcomed everyone and highlighted the […]

Balfin Real Estate goes to Kosova Finance Forum, backed by expertise and driven by vision

Balfin Real Estate took part in the second edition of the Kosova Finance Forum, a key regional platform bringing together representatives from financial institutions, public sector leaders, and industry experts to discuss economic developments and investment trends across the Western Balkans. As part of the panel “Real Estate Investment Trends in the Western Balkans,” CEO Ledia […]

Tirana Bank and IFC partner to support albanian businesses through trade finance

Tirana Bank is joining IFC’s Global Trade Finance Program (GTFP), demonstrating the institutions shared commitment to fostering sustainable economic growth and private sector development in Albania. The GTFP helps local banks expand financing for cross-border trade by offering payment risk guarantees and managing payment risks. As part of this partnership, IFC will provide a $5 million […]

Leading Loyalty: Natasha’s impact across customers, finance & growth

Natasha Misikj – Loyalty Program and Customer Finance Manager Neptun Macedonia  Natasha’s journey is a reflection of how growth at BALFIN Group is driven by trust, ownership, and the freedom to move across functions. At Neptun Macedonia, she has built her path by combining customer insight with financial strategy, evolving into her role as Loyalty […]

JUMBO is now in Bar, expanding presence in Montenegro

On April 28, JUMBO officially opened its newest store in Bar, located in HDL Mall, marking another important step in its continued expansion across the region. The opening generated strong interest from the local community, with a high number of visitors from the early hours of the day. This confirms once again the brand’s strong […]

A record-breaking start: Flying Tiger’s newest store takes #1 globally

Flying Tiger Copenhagen’s newest store in Belgrade, has made an immediate global impact, reaching the #1 position across the entire Flying Tiger Copenhagen network in week 15. Achieving this milestone just days after opening makes the result especially remarkable. From the very beginning, the store captured strong customer interest, translating into high footfall, impressive sales, […]

Neptun expands in Kiseljak: Third store, new standard

Neptun continues its expansion with the opening of its third store in Bosnia and Herzegovina, located in Kiseljak, marking another step in strengthening its presence within Neptun International. Located in Retail Park in Kiseljak, the store immediately attracted strong customer interest, generating high foot traffic from day one. What makes this store stand out is […]

The first MGallery hotel in Albania, developed by BALFIN Group at the edge of the Green Coast promenade and the country's only Blue Flag-certified beach. It offers 131 rooms and suites with panoramic Ionian views, a five-star wellness spa, and four dining and leisure venues: Mosaic Restaurant, Mente Lobby Bar, Vela Beach Bar, and Bliss by the Pool — a blend of natural beauty and refined hospitality under Accor's standards.

LABEL: Canada · Residential

A residential development in the centre of Langley City, in Metro Vancouver. Designed as a six-
storey wood-frame building, it will offer 114 units that balance comfort and functionality.

Residential

Project Type

7,437 m²

Size

€37 million

Investment

BALFIN Group’s first venture in Canada, on West 54th Avenue in Vancouver just west of the Cambie Corridor. The development features 32 thoughtfully designed townhouse units in a quiet
residential neighbourhood.

Residential

Project Type

3,751 m²

Size

€33 million

Investment

A large-scale development blending affordable housing with retail in a single structure: 168 apartments and approximately 15,000 sq ft of commercial space, supporting both housing need and
local economic growth.

Mixed Use

Project Type

114,240 sq ft

Size

$50 million

Investment

81 new affordable housing units in one of New York’s most in-demand areas, currently under construction. The development emphasises sustainable, community-focused growth and contributes to the Bronx’s ongoing revitalisation.

Multifamily

Project Type

55,080 sq ft

Size

$17.5 million

Investment

A residential development in the Bronx, New York, focused on affordability and community well- being: 51 affordable housing units with a dedicated daycare on the ground floor and a sustainable
green roof.

Multifamily

Project Type

34,680 sq ft

Size

$16 million

Investment

A Class A office building in Morristown, New Jersey, home to some of the largest international financial institutions. On a lot of over 160,000 m² it offers 40,000 m² of office space with a conference room, gym, game room, lounge, full-service café, and over 1,600 parking spaces.

Premier Commercial Building

Project Type

40,000 m²

Size

$122 million

Investment

Contemporary living inside the Skopje East Gate development. Ten residential blocks with 672 units are set among expansive green areas and walkable spaces — 15 minutes from Skopje Airport, 10
from the city centre, and 5 from the University Campus.

Residential Complex

Project Type

23,163 m²

Size

€16.3 million

Investment

Sustainable, ecologically designed residences by a lake amid the forests of Gmunden in Upper Austria. Suited to both permanent living and vacation use, the project offers tranquility and nature
without giving up access to urban amenities.

Residential

Project Type

1,651 m² NFA

Size

€10 million

Investment

A luxurious vacation home in Gmunden, perched atop Sunny Hill with views over Lake Traunsee and the town below — a private, serene escape in one of Austria’s most captivating destinations.

Luxury Residential & Vacation

Project Type

715 m²

Size

€10 million

Investment

A residential building in central Vienna between the historic centre and a main transport hub, blending apartments with Class A office space. ANDEA embodies Balfin Austria’s approach to transforming existing buildings into projects with a new identity.

Offices & Luxury residential

Project Type

2,152 m² NFA

Size

€23 million

Investment

A luxurious gated community in Vienna’s prestigious 19th district, nestled in greenery with views over the city. Recognised by leading real estate companies as one of Vienna’s highest-quality developments of 2024.

Luxurious Residential

Project Type

953 m²

Size

€10 million

Investment

A luxury residential complex near Traunsee Lake in Gmunden, offering modern living spaces with lake views in a serene setting. As Balfin Austria’s first completed project, it opened a series of luxury investments in the Gmunden tourist area.

Residential Complex

Project Type

1,575 m² NFA

Size

€6.8 million

Investment

A new residential development in the heart of Vienna for the middle-market segment, offering functional and affordable units for families and buyers seeking a balanced lifestyle, in a quiet, family- friendly area with excellent transport connections.

Residential Complex

Project Type

4,105 m² NFA

Size

€23 million

Investment

A modern residential and business complex in Tirana, minutes from QTU and Skanderbeg Square. Across 444,000 m² it combines 7–9 storey residential buildings with sports facilities, a school, kindergarten, health centre, and extensive green space, plus over 113,730 m² of underground area.

Residential & Business Complex

Project Type

450,291 m²

Size

€292 million

Investment

A lakeside residential community in the hills of Farka, designed so every home maximises its lake views. Upscale villas and apartments sit around a central piazza with essential services and avrecreational park, with direct access to Farka Lake’s ‘Lungolago’ and quick connections to central Tirana.

Luxurious villas and apartments

Project Type

139,435 m²

Size

€216 million

Investment

Albania’s first exclusive villa complex, in Farka, 8 km from central Tirana. Each villa is crafted to harmonise with the landscape, with panoramic views of Petrela Castle and Mount Dajti. Rolling Hills 2 continues the phase-one success with neoclassical-style villas built around comfort and privacy.

Exclusive villa complex

Project Type

97,880 m²

Size

€100 million

Investment

A mixed-use urban development in the heart of Vlora with 800 premium apartments overlooking the sea, marina, and mountains, and the first world-class marina in the region. It also includes two internationally acclaimed hotels — among them the first 5-star Marriott on the Albanian coast — plus 150 branded residences. Designed by Belgian firm XDGA, it is the first project in Albania to receive global EDGE certification for a mixed urban residential complex.

A fully sold residential complex in the greenery of the Hamallaj area, and a premier Adriatic destination for several years. Its proximity to the main residential centres means residents use it year-round rather than only in summer.

Construction area

Project Type

67,000 m²

Size

€40 million

Investment

A high-end residential and tourism development in Tale, Lezhë, where the Mat River delta meets the Adriatic. The resort combines villas and apartments with hospitality components, built to international standards and planned around long-term environmental and infrastructure considerations.
Established in 2022 in partnership with Milšped Group, M-ONE combines international logistics expertise with advanced last-mile delivery. It provides nationwide distribution across Albania through modern technology and optimised processes, giving businesses of every size a flexible and dependable delivery service.
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Resort Estate Management is an integrated platform specialising in the management of premium projects in Albania. REM shapes management strategy from the concept stage, sets property and service standards that hold from day one of operations, orchestrates operators and services in line with each community charter, and develops tailored products and experiences for every destination.

Kiabi is a French fashion brand offering affordable, stylish clothing for the whole family, known for inclusive collections and trend-conscious design. BALFIN Group represents Kiabi in the Western Balkans, bringing the brand to new markets through modern retail spaces and omnichannel shopping.
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Located within the Vlora Marina development, the upcoming Marriott Hotel will bring 150 rooms and Marriott International’s hospitality standards to Albania’s southern coast, with signature dining, concierge service, and state-of-the-art fitness and leisure facilities. Part of a larger mixed-use scheme with a yacht marina and branded residences, it is set to become a new icon of five-star hospitality in the Mediterranean.

BALFIN Group’s flagship investment in Albanian tourism, on the Ionian coastline. Green Coast combines premium residences and touristic facilities with a beachfront promenade, restaurants, a shopping gallery, sports centres, and a health facility — all around Albania’s first and only Blue Flag beach.

Phase 1:

78,908 m² · €126 million · Completed

Phase 2:

347,225 m² · €656 million · Ongoing

Phase 3:

76,641 m² · €114 million · Ongoing

HyperActive in Kosovo brings an innovative approach to family entertainment, with go-karts, laser tag, AR bowling, escape rooms, soft play zones, and interactive games for all ages. With €34 million earmarked for the Balkans and expansion planned into Albania, North Macedonia, Austria, and Germany, HyperActive is creating spaces that encourage connection and shared experiences across generations.

Tirana Business University, supported by BALFIN Group, is a leading private academic institution developing future professionals in business and technology. By aligning its programs with industry demand, TBU bridges the gap between education and the job market and prepares a new generation of skilled leaders for Albania and the region.

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Stella Mare is the exclusive representative of Maersk Line and Seago Line in Albania, Kosovo, and North Macedonia. Specialising in containerised shipping, it provides global transport connections with weekly services through the Port of Durrës, including the fastest refrigerated shipping from South America and customised logistics from Asian and European ports.

A joint venture between BALFIN Group and Milšped Group, Milšped Albania provides end-to-end logistics: warehousing, distribution, customs clearance, e-commerce services, and international transport by road, air, sea, and rail. Its regional network across the Western Balkans serves global partners including Coca-Cola, Philip Morris, Geodis, MSC, DHL, and H&M.

Tirana Logistic Park is one of Albania’s largest and most modern logistics facilities, strategically located between Rinas International Airport and the Port of Durrës. Across 36,000 m² it offers warehousing, inventory management, local distribution, freight forwarding, and value-added services such as packaging, processing, and labelling — a hub enabling faster regional and international trade.

Happy is BALFIN Group's fintech platform, licensed under Albania's financial services regulations. Established in 2020, it has grown beyond loyalty into electronic payment processing, digital wallets, Buy Now Pay Later credit, and the issuance of electronic money. Through its consumer app and all- in-one POS and kiosk systems for business clients, Happy provides an end-to-end digital ecosystem for modern financial transactions.
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Founded in 1996, Tirana Bank is the first privately-owned bank in Albania, with 35 branches across the country and a wide ATM network. Since joining BALFIN Group in 2019 it has entered a new phase of growth: total assets surpassed €1.9 billion by the end of 2025, with record profitability and loan portfolio growth outperforming industry averages. In 2025 it was named Best Bank in Albania by Euromoney and Bank of the Year Albania by The Banker.
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Founded in 2023, Balfin Asset Management goes beyond traditional property management by shaping and operating high-end destinations with a strong tourism and lifestyle focus. It integrates asset management, operations, and destination development to drive long-term value and a fulfilling guest experience. The company oversees over 50,000 m² of hospitality and commercial spaces, delivering more than 20 tailored services, including strategic consulting on mix use development, operations leadership, and commercial concept development. Flagship projects include Galeria by TEG, La Vista, Green Coast, Green Coast Promenade, and Vala Mar Coastline. With a client-centered and integrated approach, Balfin Asset Management & Hospitality delivers exceptional value in Albania’s growing hospitality, lifestyle, and mixed-use development sectors.
Established in 2020, West Park is Albania's pioneer in retail parks, introducing the "big box" concept: multiple retailers, entertainment, and dining in modern facilities with convenient parking. Its first location in Korça set a new regional standard, and the company is now expanding to further cities in Albania and North Macedonia with a strong focus on sustainable, eco-friendly solutions.

Established in 2007, ACREM is Albania’s leading real estate and commercial asset management company. It brought international management standards to the local market and today manages premier shopping centres including TEG and QTU, as well as residential properties, logistics parks, and office space — improving operational efficiency, customer experience, and asset value across the portfolio.

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The first and only lifestyle centre on the Albanian Riviera, La Vista is a commercial and leisure destination inside Green Coast Resort, blending retail, dining, and entertainment into a modern Mediterranean setting. Spread over 17,717 m² across two levels, it hosts restaurants, cafés, shops, clubs, and recreation areas, with parking for residents and visitors.

The first and only shopping centre on the Albanian Riviera, Galeria by TEG sits within Green Coast Resort and offers a curated selection of mid to high-end fashion and dining brands. Conceived as a leisure hub blending global retail with local culture, it is designed to enhance the Mediterranean lifestyle of the southern coast.

West Park in Korça opened in August 2022 as the first retail park of its kind in BALFIN Group’s Albanian portfolio. Its brand mix is built around daily lifestyle needs — food, toys, electronics, fashion, and home interior — across 5,500 m² of gross leasable area, serving as both a shopping destination and a catalyst for regional development.

East Gate Mall is Skopje’s newest urban centre and the region’s first fifth-generation shopping destination. Across 160,000 m² of total area it houses 220 stores and over 600 brands, 20 of them exclusive to the region, on five levels of retail, dining, and entertainment with 2,000 parking spaces — 62,000 m² of gross leasable area and 8.2 million visitors a year.

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TEG is the largest and most diverse shopping destination in Albania, bringing together exclusive brands, entertainment areas, restaurants, and cafés in an eco-friendly design built around natural light and solar energy. With 56,000 m² of gross leasable area, it attracts more than 10.5 million visitors a year.

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Opened in 2005, QTU (Universe Shopping Centre) was Albania’s first shopping centre and a turning point in the country’s retail evolution. From fashion and electronics to dining and entertainment, and anchored by Neptun, Jumbo, and SPAR Hypermarket, it spans 29,000 m² of gross leasable area and welcomes over 7.1 million visitors a year.

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Founded in 2018, Balfin Real Estate supports clients across the full property lifecycle with sales, marketing, property advisory, and customer relationship management. The company manages 25 projects and an elite portfolio of premium properties valued at €1.3 billion, with an annual sell-out of approximately €170 million in 2024. It operates in Albania, Kosovo, North Macedonia, Switzerland, Austria, and the United States, and works with 37 international agency partners.

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With over two decades of expertise, Balfin Construction is one of Albania’s leading forces in modern construction, delivering residential, commercial, industrial, and touristic projects of varying complexity. Signature completed projects — Green Coast, Vala Mar Residences, Rolling Hills Luxury Residences, QTU, and TEG — show the company’s combination of functionality, innovation, and architectural quality.
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Balfin Canada marks the Group’s entry into the Canadian real estate market, delivering residential solutions tailored to local needs. Working with experienced local developers, the company is building its first project in Vancouver and a second development in Langley City, reinforcing BALFIN Group’s long-term presence in North America.

Founded in 2018, Balfin Austria invests in real estate that pairs distinctive architectural design with the highest quality standards. Operating through its subsidiaries, the company has developed six projects in Vienna and Upper Austria, each aligned with European sustainability benchmarks

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Founded in 2023, Balfin Americas is building a portfolio of six key projects in the United States, including a Class A commercial property in New Jersey and several residential developments in New York. The projects prioritise affordable housing, local economic development, and high-quality living spaces, with thoughtful design and community-oriented planning at their centre.

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Skopje East Gate is the visionary company behind North Macedonia’s first integrated mixed-use project, Skopje East Gate. Combining East Gate Mall, East Gate Living residential complex, and East Gate Business offices, the development delivers a 360- degree urban lifestyle. The project transforms the heart of Skopje with modern retail, residential, and business spaces, reflecting BALFIN Group’s commitment to shaping vibrant, future-ready city environments across the Western Balkans.

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Green Coast develops and manages premium tourism and residential assets along Albania’s Ionian Riviera. Its flagship destination brings together exclusive villas, a beachfront promenade, Galeria by TEG, and Albania’s first Blue Flag-certified beach, extended by the Green Coast Hotel – MGallery Collection by Accor and a curated selection of dining, wellness, and entertainment venues.
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Founded in 2002 as Mane TCI and reshaped in 2022 into an investment company, Balfin Development creates and manages some of Albania’s most prestigious residential, tourism, industrial, and commercial projects — among them Green Coast Resort & Residences, Vala Mar Residences, Rolling Hills Luxury Residences, Vlora Marina, and Univers City. The company also revitalises underused areas, turning them into self-sustaining communities with parks, recreational spaces, and educational facilities.

Established in Vienna in 1993, Alba-Trade GmbH distributes consumer electronics, telecommunications, and household electronic goods. The company holds exclusive distribution rights for Samsung and Xiaomi in the Western Balkans and is an official Samsung online reseller in Austria, combining decades of expertise with a deep reading of regional market dynamics.
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Established in 2020, Happy specialises in customer experience and retention. Its services span loyalty programs, market analysis using NPS and CSI, online and offline customer care, social media management, order handling, and tele-sales. Happy manages the Happy Loyalty program in Albania as part of a wider regional ecosystem of around 700,000 members across Albania, Kosovo, and North Macedonia — the largest platform of its kind in the region.
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Fuego is a trusted consumer electronics brand in the Western Balkans, offering white and brown goods designed for everyday household needs. Combining modern design with reliability and practical functionality, Fuego has built a strong regional presence around dependable performance, usability, and value.

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Flying Tiger Copenhagen is a Danish lifestyle brand known for affordable, playful products that inspire creativity and joy, from home décor to stationery and toys. Through its strategic partnership with BALFIN Group, the brand is expanding across the Western Balkans with 50 stores planned in Albania, Kosovo, North Macedonia, Bosnia and Herzegovina, Serbia, and Montenegro.
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Kid Zone Network, part of BALFIN Group, is the franchise partner of Jumbo S.A. in Albania (2011), Kosovo (2014), Bosnia and Herzegovina (2017), and Montenegro (2019). With 30 superstores across the region and €100 million in sales in 2024, it is one of the region's leading retail brands. Its assortment spans home goods, toys, baby items, seasonal and decorative products, and stationery — over 30,000 items combining distinctive design with competitive prices.

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Valamar Tale is a high-end residential and tourism development in Tale, Lezhë, where the Mat River delta meets the Adriatic coastline. The project covers the design, construction, and operation of a resort of villas, apartments, and hospitality components, built to international standards and planned around long-term environmental and infrastructure considerations.
A leading retailer of consumer electronics and home appliances in the Western Balkans. Founded in Albania in 1993, Neptun expanded to North Macedonia in 1998, Kosovo in 2007, and Bosnia and Herzegovina in 2024. Today it operates 101 stores alongside a growing e-commerce platform, integrating both into a single omnichannel experience. A cross-border loyalty program and franchise opportunities support its continued expansion.

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Founded in 2008, Elektro-Servis is a leading provider of household and electronic appliance maintenance in Albania, with operations in North Macedonia and Kosovo. As the exclusive after- sales partner of Neptun International, it holds servicing rights for global brands including Samsung, LG, Sony, and Beko. Its certified technicians keep customers supported long after purchase.
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