Press release

CBRE advised Immofinanz AG on the sale of the Grand Center Office Building

The second significant office transaction in Zagreb advised by CBRE SEE within the last four months

February 12, 2024

Grand-CenterZagreb-1080x1080

CBRE South Eastern Europe (SEE), the leading regional real estate consulting company, 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 a 16.000 square meters office building in the heart of the Croatian capital. 
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 rented. 

"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 a trust in us during this sales process”, said on this occasion Uroš Grujić, Head of Investment SEE, CBRE.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at cbre.com

Media Contacts