Bluehouse Capital sells Zagreb shopping centre

13
Aug
2021
News - Bluehouse Capital sells Zagreb shopping centre #CBS #Croatia #Cushman&Wakefield #investment #retail #SEE #shopping

by Property Forum | Investment

Bluehouse Capital has sold the Point Shopping Center in Zagreb. CBS International, part of the Cushman & Wakefield Group, acted as advisor on the deal as an exclusive sales representative, ekapija.com reports. The buyer was Slovenian investor TRIGAL Alternative Investment Fund, the company announced on LinkedIn.


Point Shopping Center is located in one of the most progressive residential areas in Zagreb. It offers 13,514 sqm of long-term leased modern retail space on four levels with a further expansion possibility of an additional 4,000 sqm.

“The volume of the transaction bears strong importance for the real estate market in Croatia, as it primarily reveals the strength of the retail market and its investment potential for the foreign investors in the post-COVID period, while on the other hand, it reflects the perspective of the retail market in this part of Europe where consumers remain loyal to the concept of shopping centres. Invaluable advantage throughout the whole process was the expert know-how of the local real estate markets through the synergy of CW CBS teams in the region, as the only real estate consultancy with offices in almost all capital cities of the former Yugoslavia,” commented Srdjan Teofilovic, Head of Capital Markets & Investor Services in CBS International, part of the Cushman & Wakefield Group.

Srdjan Teofilovic

Srdjan Teofilovic

Head of Capital Markets & Investor Services
CBS International | Cushman & Wakefield Group

Srdjan’s professional experience covers a wide scope of work including valuation analyses, highest and best use analyses, market studies and feasibility studies, in most property industry sectors - office, retail, industrial, hotel, land and residential. As a member of CBS International Valuation and Development Advisory Team, Srdjan has been involved in a number of high-profile projects. Srdjan was also engaged in the majority of the projects CBS has undertaken in Montenegro and Macedonia real estate market. Starting from 2018 Srdjan is heading the Capital Markets and Investor Services Department within CBS International, Cushman & Wakefield. More »



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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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