Colliers Croatia to Lease Major International Shopping Center in Sibenik

Zagreb, Croatia, February 27, 2008 --(PR.com)-- Colliers International Croatia has announced that it is the exclusive leasing agent for the upgrade and extension of Dalmare Shopping Center in Sibenik. The second phase of the Dalmare development extension, which will transform it into an international-style regional shopping center, will be completed in spring 2009. The EUR 50m investment will increase the size of the shopping center to 54,000 m2 GLA.

The upgrade is being undertaken by the investor, Zagreb Montaza group, which has over 1,000 employees and an annual turnover of nearly EUR 100m.

Dalmare Shopping Center is placed on the main Sibenik-Split road, at the junction of the Zagreb-Dubrovnik highway. It has a regional catchment area of more than 130,000 residents within 30 minutes drive and a direct catchment area of the 70,000 residents of Sibenik and its close surroundings within 15 minutes drive, and a direct bus connection to the center of Sibenik.

Colliers International Croatia already has a superlative track record for retail in Croatia, having leased out the country's first 'third generation' shopping center, Avenue Mall in Zagreb, and brought many big name international retailers to Croatia. Colliers International Croatia is also set to announce in the following weeks and months a series of shopping centers across Croatia that it is leasing out.

Vedrana Likan, General Manager of Colliers International Croatia, said, "This upgrade is going to transform Dalmare into the leading shopping center in the area and we are delighted to be working on it. After Zagreb and its international-style retail developments we look forward to bringing the people of Sibenik and Dalmatia some great international retailers."

Tomislav Perovic, Managing Director of Colliers International Croatia, added, "Dalmare’s phased development and its repositioning into an international-style shopping center is an unique example in Croatia. The investor Zagreb Montaza recognized Colliers International as the leading consultant in the retail segment and as the only one offering the superior knowledge and support needed for Dalmare’s repositioning. We are looking forward to this experience and above all we are happy to support the Sibenik region with the new advanced retail project that Dalmare will soon become."

Colliers International Southeast Europe was named Property Consultant of the Year in for the region in 2007 for the second straight year.

Colliers International is a worldwide affiliation of independently owned and operated companies.

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