Article Tools

Difficult Times for Austrian Investors in Zagreb

Published: December 10, 2010; 21:26 · (Vindobona)

The plan of an Austrian group of investors to build the largest shopping center in Europe in the Croatian capital threatens to fail.

Difficult Times for Austrian Investors in Zagreb / Picture: © www.qbconstruction.com

The "Westgate" shopping center was opened in 2009 in the Croatian capital Zagreb. While investors still see great potential, industry experts question the project.

There are 260 shops on 100,000 square meter, with an investment of € 270m so far, only 30% stemming from loans. The investor group consists of Austrian entrepreneurs, including Ernst Kirchmayr as operator of a…

This article includes a total of 218 words.

or Log In

Fast News Search
Related News
A Las Vegas for Europe (December 8, 2010)
Austria's Position in the CEE Region Shakes (December 1, 2010)
Kaufmann Group Builds for € 130 Million in Zagreb (November 30, 2010)
bauMax Expands Further in Romania (November 30, 2010)
Siemens Austria Participates in Construction of Zagreb’s Main Train Station (November 18, 2010)
New Retail Project in Constanta for Immofinanz (October 30, 2010)
Real Estate Market for Logistics Objects is Booming (October 19, 2010)
Shopping Climate Index CEE - Slight Consumption Rebound (October 12, 2010)
Bauhaus arrives in Bulgaria via Vienna (September 10, 2010)
Read More
Croatia, Shopping Centers, Real Estate Industry, Property Market, Zagreb
Featured
Meet the New Ambassador of the Republic of Serbia to Austria: H.E. Mr. Nebojša Rodic
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter