CA Immo exits Croatia with sale of Zagrebtower office building

CA Immo signed and closed the sale of the Zagrebtower office building to Austrian property company S IMMO AG at a 5% premium to H1 2020 book value.

Zagreb Tower is a class A building in an up-and-coming business district in the heart of the Croatian capital. The 79-metre structure is one of the most impressive landmark buildings in Zagreb.

The office tower with a total of 25,900 sq m of rentable area on 22 floors and a 9-floor side wing offers a comprehensive range of services and facilities

The building has a reception in the ground floor entrance area, an underground car park and around 500 outdoor parking spaces.

Zagrebtower meets high sustainability standards and has a BREEAM Excellent certification. The property generated € 3.6 m of annual gross rental income and was fully let (99%) as at 30 June 2020.

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