A financing deal valued at EUR 150 mln for the construction of Trigranit’s Arena Zagreb represents the largest direct foreign investment in the building sector in Central Eastern Europe since the start of the financial crisis, the Budapest-based company said in a press release.
A financing deal valued at EUR 150 mln for the construction of Trigranit’s Arena Zagreb represents the largest direct foreign investment in the building sector in Central Eastern Europe since the start of the financial crisis, the Budapest-based company said in a press release.
The contract was signed between Trigranit Laniste and a consortium of six international banks: Intesa Sanpaolo, Erste Group AG, Hypo Investment Bank, Cassa di Risparmio della Repubblica di San Marino, MKB Bank Zrt. and CIB Bank Zrt.The deal guarantees the full realisation of the building of one of the largest and most modern shopping-entertainment centres in the region.
The shopping-entertainment centre Arena Centar, to be opened at the end of 2010, is valued at EUR 244 mln and covers an area of 175,000 m2.
'This contract is a great sign of trust in the industry and the region. It is also a sign of Trigranit’s confidence in Zagreb and Croatia - one of the main markets on which we are focusing. Our aim is to build a unique complex that, due to its rich offering, will create a new social meeting point for Zagreb and contribute to creating an image of Zagreb City as a true European metropolis,' said Trigranit Chairman Sándor Demján.
The centre will incorporate 10 anchor stores, more than 200 other stores including Austria's Spar, a 10,000 m2 hypermarket, café bars and restaurants and a nine-screen multiplex cinema. Arena Centar will also be Europe’s first such complex adapted for persons with special needs
Trigranit Development Corporation is one of the largest fully integrated real estate investment, development and management companies in Europe.
