November 15, 2018

The Belgrade office of the US-based real estate consultancy company CBRE has succesfully advised MID Group on the sale of five reail parks in Slovenia and Croatia to Austrian real estate company IMMOFINANZ, for a total of just under 50 million euros.

The deal includes three retail parks in Slovenia nad two retail parks in Croatia.

MID Groip, an Austrian-based company that conducts real etstae development activities across Slovenia, Croatia, Italy, Slovakia and Hungary, instructed CBRE in mid-2018 to dispose of the retail assets in Croatia and Slovenia.

Uroš Grujić, from CBRE, who handled the sale on behalf of MID Group commented:

„This deal is further proof of the increase in investor interest in the region, and we are proud to have advised MID on such groundbreaking cross border deal. Both Slovenia and Croatia are very important markets for CBRE. Slovenia, in particular, has witnessed a lot of investment activity over the past 12 months, whereas in Ljubljana alone this year we have sold four prime office buildings. We expect more deals in both markets to close in Q4 2018 and Q1 of 2019.“