Croatian Mall Gets $74M Makeover, Expansion

SIBENIK, CROATIA-Responding to the increasing demand for retail outlets in Croatia, the Zagreb-Montaza Group is transforming a Sibenik shopping center here into a 580,000-sf regional shopping mall. Investors are putting $74 million into the retail makeover, which will create an international-style shopping destination. Colliers International Croatia will be the exclusive leasing agent.

“There is currently a major boom in shopping center development in Croatia, Nenad Peris, senior consultant retail of Colliers Croatia tells GlobeSt.com. “In comparison to the Western European average, there is still a major shortage of retail space here. Improving living standards are driving an increase in demand which is being met by the construction of new shopping centers.”

Dalmare Shopping Center has a regional catchment area of more than 130,000 residents within 30 minutes drive and a direct catchment area of the 70,000 residents of Sibenik–a city in Central Dalmatia on the Adriatic Sea–and its close surroundings within 15 minutes drive, and a direct bus connection to the center of Sibenik. It is a located on a major thoroughfare, the main Sibenik-Split road, at the junction of the Zagreb-Dubrovnik highway.