SES starts construction of new retail park in Croatia

20
Aug
2025
News - SES starts construction of new retail park in Croatia #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.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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