It is reported that TriGranit covered the lion’s share of the project by spending some EUR 250-mil, while of the cost of the project, while the tenants have supplied the remaining sum. The company said that already 95% of leasable space has been let in the 60,000 sq m complex.

Self-made billionaire, Sandor Demjan (who also happens to be the chairman of TriGranit) was reported to have said his company would invest some EUR 1-bil in Zagreb. An increasing number of Hungarians are using Zagreb as a starting point for their overseas flights, due to the strong developments and completion of motorways and infrastructure in Croatia.

One Hungarian said he was closer to Zagreb than Budapest, despite the fact that he lived almost an equal distance to both capitals, in Hungary. TriGranit had reportedly earlier built a sporting complex in Zagreb. It now wishes to expand the existing shopping complex and construct some 400,000 sq m of business and residential real estate and a congress center.

By Tamas S. Kiss, published on XpatLoop.com with the permission of BudapestReport.com