News Article Croatia development retail retail park SEE SES Spar European Shopping Centers

by Property Forum | Retail

SES Spar European Shopping Centers has started construction of S-Park Varaždin in northwest Croatia. The project, launched on August 18, 2025, will redevelop the historic site of the former Varteks textile factory into a modern retail park scheduled to open in 2027.


The investment of more than €28 million will deliver around 11,500 sqm of retail space on a site of 50,000 sqm. The scheme will include 12 shops, gastronomy with outdoor seating, service providers, and the region’s first Interspar hypermarket. Plans also include 430 parking spaces with e-charging stations.

“The S-Park Varaždin will create a wide range of shopping opportunities and local amenities. We are particularly pleased that this historic site, which has strong roots in the region, will make a comeback in 2027,” said Christoph Andexlinger, CEO of SES Spar European Shopping Centers.

According to Varaždin’s deputy mayor Miroslav Marković, the project will bring new jobs and services to the city. “Any investor who creates new jobs, brings additional quality to our city and demonstrates responsibility towards citizens is warmly welcomed. We eagerly anticipate the arrival of SES in Varaždin,” he said.

The project’s design will incorporate elements of the former industrial site’s brick architecture, combined with modern features. Selected parts of the old buildings will be preserved, while sustainability measures such as LED lighting, photovoltaic-ready infrastructure and e-mobility facilities are part of the plan.

SES has been present in Croatia since 2009 and has operated the King Cross Zagreb shopping mall since 2018. Following refurbishment, King Cross is expected to reopen in 2026 as one of the most modern shopping destinations in the country.