CC Real, one of the leading investors and managers of commercial real estate in Croatia, has once again demonstrated excellence in asset management, which includes City Center one Split.
A strategic ownership stake in the center was recently acquired by the InterCapital Real Estate Fund, and as part of the transaction, a joint investment agreement was signed between CC Real and InterCapital.
City Center one Split has become one of the first two properties in the portfolio of InterCapital Real Estate Fund, Croatia’s first open-end investment fund focused on commercial real estate.
As part of the transaction, a joint investment agreement was signed with the Fund, which also includes options for acquiring full ownership of the property in the coming years. This strategic joint venture confirms the status of the mentioned shopping center as a prime real estate asset and offers domestic investors the opportunity to invest in top-tier property.
“The sale of City Center one Split confirms our long-standing commitment and strategic approach to asset management. At CC Real, we don’t just manage space – we manage the potential of every property. It is extremely important to us to deliver long-term value to investors, tenants, and the community, from developing business models to providing advisory services, introducing innovation, and planning investments. We believe that funds like the one launched by InterCapital will bring greater stability to domestic investors, as well as the opportunity to create long-term value together with us,” said CC Real’s Director Neda Buljević Vlačić, adding that City Center one Split is a perfect example of how important it is to understand that managing commercial real estate is a marathon, not a sprint.
Three Years of Transformation and Sustainable Development
Over the past three years, through strategic management, brand building, market repositioning, and a comprehensive refurbishment of City Center one Split worth over €22 million, CC Real has further strengthened the position of this Split-based center as a first-class commercial property.
At the same time, it is setting new standards for sustainable shopping centers in Europe – City Center one Split is the first in Croatia to be aligned with the EU Taxonomy and holds one of the world’s most respected sustainability certifications for construction and property management: DGNB Gold.
In addition to contributing to climate change mitigation and increasing resilience to climate-related risks, City Center one Split also achieves lower operating costs and enhances its market value.
The partial sale of City Center one Split to InterCapital Real Estate Fund Alfa confirms that CC Real is one of the key co-creators in a new investment phase on the Croatian market, where well-managed, first-class commercial properties can soon become part of domestic investors’ portfolios.
About CC Real
Within its Croatian management portfolio, CC Real also oversees City Center one West and East in Zagreb, as well as Max City Pula.
Internationally, the company manages investments and commercial real estate across EU countries, the United Kingdom, and Australia.
CC Real will continue to apply its international experience and expertise in Croatia, ensuring long-term stable returns for investors, security for tenants, and the full realization of each property’s potential under its management.
For more information, visit cc-real.com
