CC Real has taken over the management of Avenue Mall Zagreb, effective 1 August 2026. This appointment was made on behalf of InterCapital Real Estate Fund Alfa, the new owner of the property. Through this mandate, CC Real strengthens its market position in asset and property management for retail properties in the Central and Southeast European region.
Avenue Mall is one of the established shopping centres in Zagreb. The cooperation between CC Real and InterCapital aims to drive the strategic development of the site. This includes active asset and property management, the continuous optimisation of centre operations, and measures to increase its attractiveness for visitors, tenants and investors.
Sven Vorih, Managing Partner at CC Real, stated that retail properties with robust fundamentals continue to offer significant value creation potential, provided they are actively managed and consistently developed. He emphasised that Avenue Mall expands CC Real’s management portfolio with another established retail location and consolidates its specialist position in shopping centre management in the region. The collaboration with InterCapital will actively advance the future design of the property.
Strengthening market position in Croatia
The acquisition of Avenue Mall expands CC Real's management platform in its Croatian home market. The company already manages City Center one West Zagreb, City Center one East Zagreb, City Center one Split and Max City Pula. CC Real combines local market knowledge with international investment and management expertise to ensure a long-term value creation approach for institutional investors.
Davorin Profeta, Managing Director at CC Real Croatia, highlighted that successful shopping centre management must harmonise the interests of owners, tenants and visitors. He explained that the cooperation with InterCapital will further strengthen the quality and competitiveness of Avenue Mall to create sustainable value for all stakeholders.
- —Location: Novi Zagreb, at one of the busiest transport hubs.
- —Opened: 2007.
- —Area: Approximately 28,000 square metres of retail space, around 7,000 square metres of office space in the adjoining Avenue Center.
- —Parking spaces: More than 900 parking spaces.
Avenue Mall, opened in 2007, is located at one of the busiest transport hubs in the Novi Zagreb district and is one of the prominent shopping destinations in the Croatian capital. The property comprises approximately 28,000 square metres of retail space, complemented by around 7,000 square metres of office space in the Avenue Center and over 900 parking spaces. A high occupancy rate, stable visitor numbers and a diversified tenant mix form the basis for the long-term development of the site. The new management structure, supported by InterCapital and CC Real, aims to secure this position through targeted investments, active management and continuous improvements for tenants and visitors.
