Release date: 18 December 2009
Promoter – Financial Intermediary
Kaufmann-Hofmann Group, Austria
Location
Description
The project concerns the design, construction and long term management of a traditional shopping mall of 68,672 m² of Gross Leasable Area (GLA). Space for 2,600 parking lots is also included. The project is located 5 km away from the city centre of Split (Croatia).
Objectives
The project will provide needed modern retail space and is located on a brownfield plot situated in a new area of residential development where the only natural path for future town growth lies. The project contributes to urban renewal and development.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 60 million
Total cost (Approximate amount)
EUR 136 million
Environmental aspects
The project falls under Annex II of the EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. The Competent Authority decided not to require an EIA. Due to its nature, the main impact is the noise during construction and operation and traffic increase in the area. Mitigating measures are included in the project.
Procurement
The promoter, a private company, is not subject to EU Directives on procurement.
Status
Signed - 22/11/2010
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).