TriGranit shareholders visit Zagreb to inspect Arena Centar progress, work ahead of schedule (HR)

A delegation of the TriGranit shareholders and executive management visited Zagreb yesterday to inspect the progress in the building of "Arena Centar", which will open its doors to visitors at the end of this year. Representing the only larger shopping-entertainment centre to open in Croatia this year, Arena Centar is valued at €244 million, covers 175,000 m² and will offer 60,000 m² of retail space. The TriGranit delegation, comprising 19 members, some of which visited Zagreb for the first time, was led by Messrs. Sándor Demján and Peter Munk.


A team of shareholders and executive mangement inspects the work on Area Centar in Zagreb, which is ahead of schedule.

The TriGranit representatives were also received in the City Hall by a delegation of the City Council, headed by Zagreb Mayor Milan Bandic, to discuss the progress in the first phase of Arena Centar, the master plan for its future phases, as well as in general the further development of Zagreb and possibilities for future TriGranit investments. The TriGranit representatives also undertook a tour of the multipurpose venue Arena Zagreb, which TriGranit developed in a PPP partnership together with INGRA, Zagreb City and Croatian Government.

During the Arena Centar site tour, the TriGranit delegation was given a brief and presented with the final architectural illustrations of the Centre's large outdoor area, which will offer visitors a pleasant urban landscaped area, full of interactive sculptures, benches, a large fountain, cafes and restaurants, as well as a modern square technically equipped for outdoor events.

"We are happy to see good progress in the building of Arena Centar, which represents our flagship project in Croatia. We can already see in this first phase that our vision of creating a new and modern city centre in the Croatian capital will be truly realized," said TriGranit Chairman Sándor Demján.

To date 45% of all construction works have been completed. According to the dynamics of works, by 1 May 2010, Arena Centar's tenants will already be able to start fitting out their stores.

"We're impressed with the cooperation, flexibility and efficiency of our General Contractor – a consortium of three Croatian companies led by Mucic & Co. I can confirm that building works are 2.5 weeks ahead of schedule. The roof is already becoming visible, while in a few weeks time Arena Centar's recognizable façade will also be visible. We're also very happy with our leasing activities, given that over 80% of retail space has already at this stage been leased. We're looking forward to announcing soon the brands that we will be introducing to the Croatian market. By combining shopping, leisure, entertainment, gastronomy, as well as the synergy with the Arena Zagreb venue, Arena Centar will create a new regional meeting place in Zagreb," said TriGranit CEO Árpád Török.

From the beginning of construction in July 2009, works have been carried out in two shifts. On site are currently over 450 workers in the first shift and 150 in the second, increasing day by day. Works are supervised on site by the

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