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.

Martley Capital has sold two warehouse assets in Croatia from its Central European Value Add Fund (CEREF). The properties, Logistics Centre Vetel and Koledovcina 2, provide a total of 21,160 sqm GLA and are fully let to local and national tenants. The Vetel asset has a WALT to break of 3.3 years, while Koledovcina 2 has a WALT to break of 1.8 years. Both are located on the outskirts of Zagreb with good access to the city’s transport network.

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.

Croatia's construction sector is navigating a complex landscape of mixed economic and political signals, creating uncertainty about its future, according to an opinion by Michael Glazer (SEE Regional Advisors) and Tatjana Halapija (Nada Projekt), members of  the Eastern European Construction Forecasting Association (EECFA) in Croatia.

iO Partners and Miebach Consulting have formed a new partnership to deliver enhanced real estate and supply chain solutions across CEE.

The King Cross Zagreb shopping centre has completed the first phase of a major renovation project, following an investment of more than €40 million carried out by its owner, SES Spar European Shopping Centers.

The Accolade concern, which invests in industrial and production real estate across Europe, is opening a branch in Zagreb and Ivana Barać has joined as the new business director of Accolade Croatia. 

The biggest growth in Eastern Europe is foreseen in Bulgaria going into 2025, while the rest of the countries are projected to make side moves in the coming years, according to a report by the Eastern European Construction Forecasting Association (EECFA).

Property investor Alfi Real Estate Fund has expanded its portfolio with the acquisition of Planet Koper shopping mall in Slovenia, the company announced on LinkedIn.

Croatia’s revenue in the tourism sector rose by 8% year-on-year to August 2024, which might have an impact on the hotel construction activity.