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Croataia Slovaks invest in Croatia

Land acquisitions
Slovak investment fund Prvý realitný fond, through its company Logis Rugvica, has acquired a plot of land in the area of the village of Sveta Helena near Zagreb. This marks the fund's debut on the Croatian market.

A logistics centre with a leasable area of app. 45,000 sqm is to be built on the site of app. 9.7 ha.

We see Croatia as next target market for Prvý realitný fond due to Croatia’s recent entry into the EU monetary union. The logistics market in this country is severely undersized, with great potential to catch up with other countries in the Central European region, which opens the door to new opportunities.
Tomáš Trebula, transaction manager of IAD Investments

The investment will be realised through the joint-venture partner Promat Investments, which acted as an intermediary in the acquisition of the site. Its tasks will include managing the project through its Croatian subsidiary Promat Projekti.

We perceive this project as the beginning of an investment cycle, the goal of which is to build a significant position in the dynamically developing logistics segment in the territory of South-Eastern Europe.
Mário Mátaš, managing director of Promat Investments

Financial and tax advice was provided by BDO Svjetovanje, technical and environmental advice by Sentient, and legal advice by Šooš Maceljski, Mandić, Stanić and Partneri law firm.

IAD Investments is part of the Pro Partners Holding investment group and has been active on the Slovak capital market since 1991. It currently manages assets across 16 investment funds, worth more than EUR 2.1 bln, mainly in Slovakia, the Czech Republic, Hungary and Poland.

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Edition 10 (292) September 2024

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