Real Estate

Real Estate activities of BALFIN Group date since the year 2000. Nowadays, BALFIN Group is among the most distinguished investors in the real estate development realm in the Western Balkan countries. BALFIN Group is focused on the construction and management of residential facilities, shopping malls, touristic residences, business and commercial buildings, and industrial spaces. BALFIN Group is assiduously involved with its real estate activities in Albania, Austria and North Macedonia.


Green Coast Resort and Residences is the elite vacation destination on the Albanian Riviera. With a total land surface is of 217,700 m2, the resort contains a variety of house typologies, varying from elite villas to apartments. This project that exceeds EUR 120 million is one of the largest tourism investments in Albania.

Green Coast Resort and Residences is applying new hospitality services in the Albanian market such as Renting Program, Vacation Exchange, Timeshare (Co-ownership) and Property Financing, by bringing innovation in management, offers to all customers, increase of the property value and as well as a good return on investment deals.

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Mane TCI

“Mane TCI” is a one of the leading companies in the construction, investment and trade of developmental projects in Albania and the Balkan region. Founded in 2002, Mane TCI is specialized in commercial and industrial constructions, such as shopping malls, residential buildings, social and cultural centers, industrial and civil engineering projects. Main projects finalized by “Mane TCI” are the shopping malls QTU and TEG, the residential buildings Green Coast Resort and Residences, Vala Mar Residences, Rolling Hills Luxury Residences, Ambasador 1, Ambasador 2, Ambasador 3, and Park Gate.

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Vala Mar Residences, located in the coast area of “Gjiri i Lalzit”, is a residential and touristic resort, and a recreational destination for individuals and families who wish to enjoy the nature, as well as demand security criteria, quality construction and infrastructure. The community has a total construction area of 33,000 m2 and a total value of investment of € 25 million.


Rolling Hills Luxury Residences is a gated community – superior in terms of construction standards and the first of its kind in Albania. Rolling Hills Luxury Residences, a € 92 million investment, is situated in the beautiful nature and hill landscape of Petrela, Tirana. This community has a total construction area of 88,500 m2, including a recreational park. Due to high demand, the complex is undergoing an extension that will add 11 more villas in an area of 9,400 m2 with an investment value of EUR 7.7 million.

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TH&B immo

TH&B Immo was founded in 2018 and operates in the development of real estate sector in Austria. It focuses on the development of residential areas for housing, villas and resorts. The company has started an investment of several million euros, which consists of a residential project located in the Altmünster area in Austria.


PJ 137 Living GmbH was founded in December 2019, and it is a subsidiary of BALFIN Holding. Its main focus is the development of residential complexes. One of the latest projects comprises a residential building in Vienna, between the Döbling and Währing districts. It is an investment of approximately € 7.6 million and is expected to be completed in 2022.


Skopje East Gate is the first mixed-use development project in the country that incorporates a shopping and entertainment center, a residential complex and an office park. Its mission is to raise the living and business standards, and bring new energy in the heart of Skopje by introducing a new lifestyle concept. With a total land development area of 500.000 m2, the project is composed by three main branches:

– East Gate Living
– East Gate Shopping
– East Gate Business

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ACREM (Albanian Commercial & Real Estate Management), established in 2007, is the Albanian leading company in real estate management. ACREM introduced and implemented the highest standards and best international practices in managing industrial, commercial and residential properties. The company currently manages two shopping centers in Albania (TEG, QTU), residential buildings (apartments, villas), logistic parks and offices. With a large network of professionals, ACREM provides a broad range of services to enhance the management of property assets.

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Balfin Real Estate & Hospitality

Balfin Real Estate & Hospitality is a marketing, sales, and after-sales service company dedicated to real estate projects developed. It also provides consulting services to all relevant real estate investor companies at various stages of project’s development. The activity of the company also includes market research, preliminary consultancy for new projects, property management, etc. For the first time Balfin Real Estate & Hospitality introduced to the Albanian market new concepts in Real Estate management, such as Time Share, Renting Program, etc. Balfin Real Estate & Hospitality manages a wide portfolio of assets that will grow to approximately € 750 million.

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Shopping Center

TEG is the largest shopping center in Albania, whose grand opening dates in 2011. With 150 stores and 2000 parking lots, TEG is an attractive destination for customers from Tirana, Elbasan, and Kosovo as well. Settled in building surface of more than 95,700 m2, this shopping center represents a whole lifestyle journey. It is designed to be differentiate for the diversity of services and products, the introduction of exclusive brands, entertainment areas, restaurants, coffee shops and maximum comfort for customers. TEG is the host of many well-known international brands such as Inditex Group with premium brands (Zara,Massimo Dutti, Bershka, Pull & Bear and Stradivarius), Cineplexx, SPAR, KFC, Adidas, 1A Classe, JYSK, Levis’s, Original Marines, Swarovski etc.

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QTU is the first shopping center in the history of Albania and its opening set off a major turning point in the retail system of the country, by revolutionizing the way Albanians used to shop. BALFIN Group completed the construction of Universe Shopping Centre in 2005. During 2018, the shopping center was renovated and expanded, with an additional investment of € 11 million, a completely new modern interior design, new brands and new services, including Cineplexx cinema and the children`s playground area. Additionally, QTU provides new gastronomy concepts indoors and outdoors with a spectacular terrace view. The total GLA area is 27,150 m2.

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Еast Gate Mall is envisioned as the new urban center of the city. As one of the biggest shopping and entertainment centers in the region with a Gross Leasable Area of 57,000 m2, East Gate Shopping will be constructed in 5 floors and it will be the first choice when it comes to shopping, with more than 220 brands available, a place where people will enjoy spending time with their families and closed ones. The Shopping center will offer new, unique gastronomic experiences and a real coffee culture.

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Retail parks are a novel concept that BALFIN Group introduced in Albania, with the first of its kind being constructed in Korça and named West Park. A few selected brands will be accommodated in this mall, carefully handpicked to meet the basic consumer’s daily life requirements by providing products in key sectors, such as the food industry, toys for children, electronic devices, fashion items, and home interior.

Well-known local brands will sit side by side with four international brands in a building that occupies an area of 7,124 m2, composed of a combination of light-weighted construction materials that take into consideration the traditions of the city. The physical premises respect the environment and complement the experience of visitors. The location of West Park is strategically chosen to establish the basis for the re-qualification of the entire area, so that the project itself becomes a catalyst for the development of Korça’s district.

This is a commercial complex that will be introduced in Korça, soon to be replicated all over Albania.