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.




Latest news


New leases

  • CurryLab, a new dining concept by the owners of IndianTaste, has signed a lease for more than 150 sqm on the ground floor of the NEFRYT residential building in Warsaw. The brand’s fourth location in the city is scheduled to open this summer at SOHO by Yareal.
  • Poland’s largest residential developer, Dom Development, has finalised a lease extension and significant expansion at the Metropolitan Warszawa building. Under the new agreement, the firm will occupy more than 4,000 sqm of office space. JLL represented the tenant throughout the negotiations.
  • CTP has signed a lease agreement with Fabi Total Grup. The Romanian company, which specialises in the production and storage of professional cleaning agents, has taken approximately 4,700 sqm at CTPark Bucharest South.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.


Latest news

News - Panattoni starts 46,000 sqm project in Poznań
04
Mar
2026

Panattoni starts 46,000 sqm project in Poznań

by Property Forum
Industrial developer Panattoni will deliver a 46,000 sqm build-to-suit project for Nagel-Group in Poznań as part of Panattoni Park Poznań East III. The facility will serve as the food logistics company's key hub in Poland.
Read more >
News - Family Office Noack buys controlling stake in Zeitgeist Asset Management
04
Mar
2026

Family Office Noack buys controlling stake in Zeitgeist Asset Management

by Property Forum
Zeitgeist Asset Management, specialising in development services and asset management for private and institutional investors, has completed changes to its ownership structure. As part of this transaction, the Family Office of Co-Founder Sebastian Junghänel sold its stake to Family Office Noack, concluding their long-term business partnership.
Read more >
News - Prologis leases 135,000 sqm in Slovakia during 2025
03
Mar
2026

Prologis leases 135,000 sqm in Slovakia during 2025

by Property Forum
Prologis closed 2025 with strong results in Slovakia, achieving 95% occupancy and outperforming the market average of 92%. The logistics real estate company secured 24 lease transactions totalling 135,000 sqm and maintained an 83% retention rate.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy