"There is currently a major boom in shopping center developmentin Croatia, Nenad Peris, senior consultant retail of ColliersCroatia tells GlobeSt.com. "In comparison to the Western Europeanaverage, there is still a major shortage of retail space here.Improving living standards are driving an increase in demand whichis being met by the construction of new shopping centers."

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Dalmare Shopping Center has a regional catchment area of morethan 130,000 residents within 30 minutes drive and a directcatchment area of the 70,000 residents of Sibenik--a city inCentral Dalmatia on the Adriatic Sea--and its close surroundingswithin 15 minutes drive, and a direct bus connection to the centerof Sibenik. It is a located on a major thoroughfare, the mainSibenik-Split road, at the junction of the Zagreb-Dubrovnikhighway.

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"New Yorker and Sephora are a couple of the big-name retailerswho will be leasing at the center," Peris tell GlobeSt.com "Ingeneral, however, the retailers who will be most attracted to thisopportunity will be middle rather than higher-end."

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Colliers International Croatia already been active in retailleasing in Croatia. It leased out the country's first 'thirdgeneration' shopping center, Avenue Mall in Zagreb, and broughtmany big name international retailers to the country. ColliersInternational Croatia is also set to announce in the followingweeks and months a series of shopping centers across Croatia thatit is leasing out.

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"This upgrade is going to transform Dalmare into the leadingshopping center in the area, says Vedrana Likan, general manager ofColliers International Croatia. Tomislav Perovic, managing directorof Colliers International Croatia, adds, "Dalmare's phaseddevelopment and its repositioning into an international-styleshopping center is a unique example in Croatia We are lookingforward to this experience and above all we are happy to supportthe Sibenik region with the new advanced retail project thatDalmare will soon become."

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