CBRE advised on the sale of a landmark office building in Zagreb – Zagrebtower
Zagrebtower is located at the heart of Croatia’s capital central business district, and represents one of major landmark office buildings in Zagreb offering 25,900 square meters of leasable area. Proof of how successful the project has been is the current occupancy status of 99%, which is one of rare examples in Zagreb’s office market. CBRE advised CA Immo in the sales process, which is one of the leading commercial real estate investors across Central Eastern Europe (CEE). CA Immo, who in parallel with the strategy of investing in CEE’s capital cities, has for a strategy sale of non-core assets across South Eastern Europe (SEE), as well as across secondary cities within CEE region. The disposal of their non-core assets has been successfully implemented in Poland, Hungary, Romania, Bulgaria, Slovenia, as well as now in Croatia with the sale of Zagrebtower.
CBRE organized a tender process for the sale, where S-Immo submitted best acquisition terms and successfully closed the transaction despite the COVID-19 pandemic which occurred in the middle of the sales process. S-Immo already owns two office buildings in Zagreb, namely Eurocenter and HOTO Tower, and now the third one which confirms their dedication to investing in Croatia, as well as confirms their positive perception of SEE as a region.
– We would like to congratulate both CA Immo and S-IMMO on successfully closing one of the most recognized office buildings in Zagreb. CBRE has successfully advised on numerous transactions of office properties, during which we seen an increase in the number of international groups investing in SEE’s office segment. This trend is set to continue going forward as we still receive a lot of requests from foreign investors considering entering the SEE region, even though they are fully aware of the situation triggered by the COVID-19 pandemic – Uroš Grujić, Head of Investment at CBRE South Eastern Europe (SEE), says.
– We as CBRE are continuing to promote the region as an attractive investment destination where we see further opportunities arise, both within office segment, but also within other real estate asset classes such as retail, logistics and industrial. We hope for the situation with the pandemic to stabilize, where we are of an opinion that it will additionally encourage investors to deploy capital in countries of SEE region as each of the country is showing a solid supply/demand balance, as well as other stability in other market conditions even in an unexpected turbulence on a global scale.
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
23.04.2024. | Construction, Transport
Tender for first section of Belgrade-Nis fast railroad from Velika Plana to Paracin announced
23.04.2024. | Construction, Transport
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
22.04.2024. | Industry, Transport
Serbia to develop project of “flying taxis” for EXPO with Airbus – Signing of memorandum announced
22.04.2024. | Industry, Transport