Croatia’s Primo acquires Slovenia-based Ferba Projekt

Croatian investment company Primo Real Estate has signed with Swiss investment company Ferba a deal to buy Slovenian real estate company Ferba Projekt with an estimated transaction value of EUR 24.48 million. The deal is subject to approvals from the regulatory bodies of Slovenia.

Ferba Projekt manages real estate for industrial production and warehousing in Kamnik, 15 kilometres from the Slovenian capital Lljubljana.

Considering the similarities of the real estate markets in Croatia and Slovenia, Primo remains open to potential further acquisitions of real estate including office buildings, logistics and distribution centres, and industrial real estate that offer rents as long-term source of revenue.

After the completion of this deal, Primo will manage commercial real estate with overall 67,000 square metres and its total assets will reach EUR 75 million.