SES invests €28m in Croatian retail expansion

SES Spar European Shopping Centers is investing €28 mln in the construction of S-Park Varaždin, a major retail project for northwestern Croatia.

S-Park Varaždin

The project begins with the demolition of the long-abandoned Varteks textile factory buildings, paving the way for the modernization of this historically important city centre.
Construction of the new S-Park Varaždin retail park will follow two months later, revitalizing a site that was once a hub of local industry. Scheduled to open in 2027, the modern retail park will feature twelve stores, restaurants with outdoor seating, and various service providers across 11,500 m2 of gross leasable area.
The complex will be anchored by the region's first Interspar hypermarket.
S-Park Varaždin is being constructed on a 50,000 m² site strategically located just 500 meters from the city center along Zagrebačka Street, a major thoroughfare. The location is easily accessible by foot, bike, and public transportation. The development plans include 430 parking spaces, electric vehicle charging stations, bicycle racks, and a new roundabout to further enhance accessibility.
The development also incorporates sustainable features such as LED lighting, preparations for solar panel installations, and infrastructure for electric vehicles.
Salzburg-based SES Spar European Shopping Centers currently manages 31 shopping centers in Austria, Slovenia, Italy, Hungary, Croatia, and the Czech Republic, with a gross leasable area exceeding 855,000 m².
SES has a strong presence in the Croatian market, starting in 2009 with the acquisition of Ipercoop locations. In 2019, the company took full ownership of King Cross Zagreb, which they have managed since 2018. Currently, SES is undertaking a complete renovation of King Cross Zagreb, a project due to be completed by autumn 2026.