CBRE advised S Immo on the sale of the Zagrebtower Office Building

CBRE South Eastern Europe (SEE), the leading regional real estate consulting company, successfully advised S Immo AG in the sale of the Zagrebtower, office building located in Croatian capital, to the OTP Group.

CBRE acted as the exclusive real estate advisor during the sales process of a nearly 26.000 square meters office building in the heart of the Croatian capital business district. S Immo and OTP Group has signed the contract, and the transaction is expected to close in the third quarter of 2024, subject to the necessary regulatory approvals.

The Zagrebtower is a prime office property in Zagreb’s strongest and most popular office submarket. The building was completed in 2006, and has a BREEAM International In-Use Excellent certificate.

"The sale of Zagrebtower is the third significant office transaction in Zagreb advised by CBRE within the last five months. After successful sale of Eurocenter office building in December 2023, as well as Grand Center office building in February 2024, this transaction proves the resilience of premium assets and demonstrates strong investor confidence in the office segment in Southeast Europe region” says Uroš Grujić, Head of Investment SEE.

“I’m particularly proud of this transaction as it is a continuation of the remarkable results – during last year our department achieved 75% market share excluding direct transactions, further positioning CBRE as the most trusted advisor across the SEE region. We would like to thank our client S Immo AG for putting a trust in us during this sales process,” emphasized Grujić.