S IMMO AG sells Zagrebtower

Corporate news

S IMMO has signed the contract to sell the Zagrebtower to the OTP Group. The office building comprises a total net area of almost 26,000 m² 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.

The disposal is in line with S IMMO's adjusted strategy of gradually withdrawing from the Croatian market. Tomáš Salajka, member of S IMMO’s Management Board, comments: "We are pleased with this successful sale, which creates liquidity for investments in other core markets of S IMMO."