SPLIT, CROATIA-Croatian developer Tulipan is redeveloping a sitein Split into a mixed-use complex. The first $380 million phase ofSplit Gate will involve construction of a shopping center, 30-flooroffice tower and residential units.

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The $215 million shopping center project will have GLA of some646,000 square feet, with 225 shops and a number of leisure andentertainment facilities. The concept for the shopping center isbeing prepared in partnership with Germny's ECE Projektmanagement.It will be the third mall in Split.

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The start of construction is planned for the fourth quarter,with the opening expected at the end of 2012. Financepartners for the project will be German company Capricornus andDutch-based Eureal Holding. Design work on the other parts of theproject is already underway, with construction to begin shortlyafter the start of the shopping centre.

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The entire Split Gate project on Split’s main entry roadsrepresents a revitalisation development of an abandoned andunderused part of town. Tulipan Group is also currently developinga residential project in Dubrovnik, and a holiday-home community inSeget, near the town of Trogir. The company’s Split area portfolioalso includes a residential scheme, an office tower and hotelproject in Kastel Stari.

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AllanSaunderson is a managing editor of Property InvestorEurope and a contributor to GlobeSt.com.

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