INA to sell big portion of properties

Deals

Croatian oil company INA has decided to sell a substantial part of its properties and projects revenue of €32 mln from the sale, the Croatian press said at the weekend. The 88 properties on offer include farmland, warehouses, hotels and homes, Croatian daily Vecernji List said. 

The starting prices are rather low, which, the paper said suggests INA trusts that all of the properties offered will be sold off. Most of the residential properties are located in the Croatian city Sisak, and are being offered for less than €511 per sqm, but there are also some in Rijeka and Zagreb.

The starting price of the hotels is €21.6 mln. INA said it hopes this price will increase, but if the properties cannot be sold, the company is also willing to rent them out.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.