Immofinanz sells Grand Center Office Building in Zagreb

CBRE South Eastern Europe (SEE) successfully advised Immofinanz AG in the sale of the Grand Center Office Building located in Zagreb, Croatia. CBRE acted as the exclusive real estate advisor during the sales process of the 16,000 sqm office building in the heart of the Croatian capital.

“The sale of Grand Center is the second significant office transaction in Zagreb advised by CBRE SEE within the last four months, which is something we as a company are extremely proud of – further positioning us as the number one advisor across the SEE region. Thanks to the collective efforts of dedicated teams, we managed to deliver an attractive yield for Immofinanz, proving the resilience of premium office assets in central business district locations despite capital market turbulences occurring on a global level. This sale not only demonstrates strong investor confidence in the office segment but also shows a trend of local and regional groups using opportunities coming to the market to increase their footprint. We would like to thank our client Immofinanz for putting trust in us during this sales process,” said on this occasion Uroš Grujić, Head of Investment SEE, CBRE.

The Grand Center Zagreb is a prime office property in Zagreb’s strongest and most popular office submarket. The building was completed in 2006, it is BREEAM certificated and is fully leased.