Situated in the heart of Novi Sad’s future Central Business District, Elleven is a new project by MD Ventures that introduces sustainable architecture, an inspiring working environment and a new standard in commercial property. Conceived to connect people, empower companies and contribute to the city’s ongoing development, Elleven represents a bold new chapter in Novi Sad’s urban evolution
We spoke with Duško Suvajac, Principal at MD Ventures, about the vision behind Elleven, the values shaping its design, and the significance of the project for Novi Sad’s business landscape.
Novi Sad is set to welcome a new Class A office building – Elleven. What inspired this project?
— Our vision was clearly defined: to offer Novi Sad – a city already recognised as Serbia’s and the region’s leading IT hub – a business facility that not only follows but actively fuels its development.
Elleven was conceived as much more than a conventional office building. It is a space that brings together innovation, sustainability and a premium work environment, designed to inspire people, strengthen businesses, and connect the community.
What sets Elleven apart from what currently exists on the market?
— Elleven represents a new benchmark in office development in Novi Sad – sustainable, purposefully designed and aligned with the evolving needs of modern businesses and professionals. With a combination of contemporary architecture, superior construction quality and advanced building management systems, it offers enhanced functionality and environmental responsibility. The building has been awarded the LEED Platinum certificate, the highest international standard for green buildings. Additional features include eco-mobility initiatives, biodiversity support, recycling, smart rainwater usage and a host of amenities aimed at supporting both physical and mental well-being.
The location at Hajduk Veljkova 11a has been highlighted as a key advantage. What makes it so strategic?
— Elleven is positioned at the core of what will become Novi Sad’s Central Business District, sending a clear signal about the area’s future growth.
It lies just 1.8 kilometres from the city centre, next to the Novi Sad Fair, and offers direct access to both the main railway and bus stations. In addition to excellent connectivity, the surrounding area boasts major cultural and tourist attractions, alongside a vibrant selection of cafés and restaurants. Such an urban setting supports not only daily business operations, but also provides an ideal backdrop for networking, informal meetings and professional collaboration – all essential to contemporary business development.
Plans also include transforming the green spaces within the complex through initiatives such as the “Park of Friendship”, collaboration with a local equestrian club, and refined culinary concepts – all of which will contribute to the transformation of the broader Sajmište area into a dynamic and multi-functional urban zone.
Could you tell us more about the amenities Elleven will offer future tenants?
— Elleven will comprise ten floors, with a total of 22,000 m² of leasable space. Flexible units ranging from 350 to 2,200 m² per floor will allow tenants to adapt the space in line with their development strategies and business evolution. The project includes two spacious rooftop terraces and a two-level underground garage with 290 parking spaces, 50 of which will be equipped for electric vehicles. Charging stations for electric bicycles and scooters will also be available, promoting sustainable mobility.
With an investment of 50 million euros, the project is being developed by MD Ventures and is expected to be completed by January 2026
Among its distinctive features is a non-standard office ceiling height of 3.7 metres, which ensures abundant natural light and a sense of openness. This makes Elleven unique in Novi Sad and rare even across the broader regional market, including Belgrade.
Your partnership with MPC Properties seems particularly significant. What does it bring to the project?
— Partnering with MPC Properties marks a major milestone in the realisation of Elleven. As one of Southeast Europe’s leading commercial property developers and service providers, MPC ensures the implementation of the highest standards in property and facility management, as well as in overall user experience. This collaboration will reinforce Elleven’s position as a premium business address in Novi Sad. We are also proud to have NLB Komercijalna Banka as our financial partner, further affirming the project’s credibility and long-term value for the community.
How do you see Elleven’s role in the future of Novi Sad?
— I believe Elleven will become a new city landmark – not just in a physical sense, but as a symbol of progress. It will serve as a meeting point for forward-thinking professionals, innovative companies and people eager to shape change. Novi Sad deserves a development like Elleven to further consolidate its role as a regional leader in technology, creativity and business.