Croatia: Immorent to open EUR 45 M office building in Zagreb
16:55 - 01 July 2005 - Austrian leasing company Immorent, a unit of Erste Bank, will open a EUR 45 M (USD 54.5 M) office building in Zagreb next year. The centre, named Eurotower, is the first of its kind in Croatia and aims to meet the latest international office standards.
The 26-storey building will spread on 18,000 square metres. Immorent is currently in talks with potential clients. US firm IBM, Austrian life insurer Sparkassen Versicherung and the Finish Embassy in Croatia have already expressed interest in renting offices in the new building, head of Immorent Project Development Division Christian Farnleitner said. Immorent is building the Eurotower jointly with Croatian company Hidrocommerce. Immorent was set up in 1970 and is active in the fields of leasing, construction management consultancy and hotel business. The company entered the markets of Central and Eastern Europe in the mid-1990s.