Novotel has opened its first hotel in Croatia, marking the Accor brand's debut in the country. Located at the eastern gateway of Zagreb, the 163-room Novotel Zagreb sits 20 minutes from Franjo Tuđman Airport and 15 minutes from the city centre.

At Zagreb Property Forum 2025, organised by Property Forum in Zagreb last week, the closing panel brought together leading voices in the Croatian and regional hospitality sector to dissect the forces shaping the country’s hotel market. Chaired by Ivana Rajković Špes (DDG Group), the discussion delved into Croatia’s evolving tourism landscape, the challenges of seasonality, the impact of international brands, and the shifting expectations of guests and investors.

Our annual Zagreb Property Forum 2025 brought together leading real estate professionals to dissect the evolving investment landscape in Croatia, revealing a market brimming with potential and complexity. Moderated by Property Forum's Csanád Csürös, the first panel explored the nuanced dynamics of investment, financing, and market transformation.

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.

GTC has announced the sale of its GTC X office building in Belgrade for €52 million. The transaction, finalized in early February, generated net proceeds of €24 million for GTC after the repayment of a bank loan.

GTC has raised €82 million from the sale of two assets in Poland and Croatia as part of a strategy designed to strengthen its financial position.  

S Immo has announced the sale of HOTO Business Tower in Zagreb for an undisclosed sum. The project is located on the south-western edge of the central business district of the Croatian capital and comprises a total leasable area of around 15,500 sqm. 

Croatian investor Pemo Centar has announced the development of a new office building in Zagreb. The Business Centre Arena office building spanning 9,900 sqm will be delivered by Q4 2025 following an investment of around €20 million.

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.

Immofinanz has successfully closed the sale of the Grand Center Zagreb office property to a Croatian real estate company. This transaction represents a further step in the optimisation of the portfolio.