News Article CPI Property Group Croatia investment office S Immo SEE Zagreb
by Property Forum | Investment

S Immo has signed a contract to sell Zagrebtower to the OTP Group. The office building comprises a total net area of almost 26,000 sqm and has a BREEAM International In-Use Excellent certificate. The transaction is expected to close in the third quarter of 2024, subject to the necessary regulatory approvals.

The disposal is in line with S Immo's adjusted strategy of gradually withdrawing from the Croatian market. Tomáš Salajka, member of S Immo’s Management Board, comments: "We are pleased with this successful sale, which creates liquidity for investments in other core markets of S Immo."

This sale follows several others executed by companies controlled by CPI Property Group in a bid to raise cash for repaying debts.