Kinstellar advises S IMMO AG on the sale of Zagrebtower

March 2024 – Kinstellar has successfully advised S IMMO AG on the sale of Zagrebtower office building to the OTP Group.

The transaction is expected to close in the third quarter of 2024, subject to the necessary regulatory approvals.

Kinstellar advised S IMMO AG throughout the process including on structuring of the transaction, due diligence, and transaction negotiations.

Located in the heart of the Croatian capital, the class A office building encompasses a total net area of almost 26,000 m² and has a BREEAM International In-Use Excellent certificate. Zagrebtower consists of a 22-storey, 79 metre office tower with a connected nine-storey low-rise building. The tenants include the Croatian Ministry of Economy and Sustainable Energy, the pharmaceuticals conglomerate Bayer and the financial auditors Deloitte.

Kinstellar’s team was led by Andrijana Kaštelan, Counsel, and included Senior Associates Matea Sekur and Zrinka Ivanković.

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