InterCapital Real Estate Fund, Croatia’s first open-end investment fund focused on commercial real estate, acquired a strategic ownership stake in City Center one Split from CC Real for an undisclosed sum.
As part of the deal, the two companies signed a joint venture, which includes options for acquiring full ownership of the property in the coming years.
Neda Buljević Vlačić, Director at CC Real, said: "We believe that funds like the one launched by InterCapital will bring greater stability to domestic investors, as well as the opportunity to create long-term value together with us."
Over the past three years, CC Real has significantly strengthened City Center one Split's position through strategic management, brand building, market repositioning, and a comprehensive refurbishment valued at over €22 million.
The center is the first in Croatia to align with EU Taxonomy and holds the DGNB Gold sustainability certification.
In Croatia, CC Real also oversees City Center one West and East in Zagreb, as well as Max City Pula. Internationally, the company manages investments and commercial real estate across the EU, the UK, and Australia.
