Bluehouse Capital sells Zagreb shopping centre

Bluehouse Capital has sold the Point Shopping Center in Zagreb. CBS International, part of the Cushman & Wakefield Group, acted as advisor on the deal as an exclusive sales representative, ekapija.com reports. The buyer was Slovenian investor TRIGAL Alternative Investment Fund, the company announced on LinkedIn.

Point Shopping Center is located in one of the most progressive residential areas in Zagreb. It offers 13,514 sqm of long-term leased modern retail space on four levels with a further expansion possibility of an additional 4,000 sqm.

“The volume of the transaction bears strong importance for the real estate market in Croatia, as it primarily reveals the strength of the retail market and its investment potential for the foreign investors in the post-COVID period, while on the other hand, it reflects the perspective of the retail market in this part of Europe where consumers remain loyal to the concept of shopping centres. Invaluable advantage throughout the whole process was the expert know-how of the local real estate markets through the synergy of CW CBS teams in the region, as the only real estate consultancy with offices in almost all capital cities of the former Yugoslavia,” commented Srdjan Teofilovic, Head of Capital Markets & Investor Services in CBS International, part of the Cushman & Wakefield Group.