Ingra has informed the Zagreb Stock Exchange (ZSE) that it has sent a letter of intent to Trigranit Holding Limited for the acquisition of a 25 percent stake in the Croatian subsidiary TriGranit Lanište d.o.o.
The mentioned company owns 170,800 square meters of land in the area of the City of Zagreb (Lanište), designated for the construction of a business-commercial complex. The project will be carried out in four phases, with the first phase concerning the construction of the Arena shopping center. The Arena center will contain more than 250 business premises of various purposes, including multiplex cinema halls, with 85 percent of the business premises already leased, while the remainder will be rented out after construction.
The interior of the Arena center will include design solutions that symbolize Croatian regions: Lika, Istria, Dalmatia, Slavonia, as well as Zagreb and Zagorje. Financial terms and other details will be determined after the due diligence process conducted by Ingra. Upon completion of the due diligence, and with confirmation of the given assumptions, Ingra will proceed to conclude a partnership agreement, states the company’s announcement to the Zagreb Stock Exchange.
