Major retail complex to enhance Croatian city’s economy
The historic city of Pula in western Croatia boasts a Roman amphitheatre, beautiful medieval architecture and a stunning location on the Adriatic Sea. Now the municipality is set to further increase its appeal to visitors with the development of a major retail and entertainment centre.
The new complex will regenerate the site of a disused quarry. It will provide the seafront city with 30,000 m2 of international-standard retail space, attracting quality tenants to the local market.
The EBRD is an equity partner in the project via a €10 million co-investment with the Enterprise Expansion Fund (ENEF). The Fund is advised by the Bank and focuses on SMEs with high growth potential in Croatia and the Western Balkans. Through their joint investment, the EBRD and ENEF are minority equity holders in the company that is the ultimate owner of the retail complex.