Sonae Sierra responsible for the development management of new shopping center in Croatia (HR)

Sonae Sierra, the international shopping center specialist, will be responsible for the development management of Bluehouse Capital's new investment in Zagreb. The Vrbani shopping center will have about 18,000 m² GLA that will be developed in two phases.

Vrbani project, Croatia

Vrbani shopping center near Lake Jarun.

Located near Lake Jarun, one of the major tourist attractions of the area, the shopping center will be designed like a city, with 'neighborhoods' devoted to fashion, leisure and sports. It will have a total of around 500 parking spaces for visitors.

Sonae Sierra will bring in to this project its specialist know how of more than 20 years in the shopping center industry, covering the full lifecycle of projects, from development to property management, from investment to leasing, with the objective of developing a project with the highest international standards, making it attractive to tenants, visitors and investors.

For Fernando Guedes Oliveira, CEO of Sonae Sierra, "This new services contract in Croatia reinforces Sonae Sierra's strategy of providing services to third party, based on the know-how and experience we have in all areas of the shopping center business. We are confident on our ability to create a first-class shopping center for our client, Bluehouse Capital, and the inhabitants of Zagreb".

For Igor Hrzic, General Manager Bluehouse Croatia, "We are delighted to be cooperating with Sonae Sierra in the development of the Vrbani shopping center through the provision of their specialized services. We will work together to bring Zagreb's inhabitants a high-quality and innovative shopping center".

Source: Sonae Sierra

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