IMMOFINANZ has successfully closed the sale of the Grand Center Zagreb office property to a Croatian real estate companyIMMOFINANZ has successfully closed the sale of the Grand Center Zagreb office property to a Croatian real estate company

Vienna, Austria — ATX stock IMMOFINANZ said Thursday it sold the Grand Center Zagreb office property in Croatia to a local real estate company as part of their portfolio optimization strategy.

The building, completed in 2006, offers exclusive office space and is fully rented. The proceeds from the sale will be reinvested in expanding their office solutions and retail properties in core markets.

IMMOFINANZ is a commercial real estate group focused on the office and retail segments in Europe. They hold approximately 500 properties with a combined value of around EUR 7.8 billion.

By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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