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  • - CREN -

    Croatian Real Estate Newsletter

    Volume 34, March 2009

    CREN PATRONS

    TABLE OF CONTENTS 1. THE FIFTH ANNUAL INTERNATIONAL CONFERENCE ON THE REAL ESTATE MARKET IN

    CROATIA.................................................................................................................................................. 2 1.1. CONFERENCE PROGRAM.3 1.2 PRESSCLIPPING ................................................................................................................................... 18

    MIROSLAV DRAGIEVI, PH. D., FOUNDER & MANAGING PARTNER, HORWATH CONSULTING ZAGREB Croatian Tourism in Crisis Even without the GlobalCrisis..18

    ALAN HERJAVEC, HEAD OF PROJECT FINANCE SOCIETE GENERALE SPLITSKA BANKA D.O.O. Moratorium on Housing Loan Repayments Necessary .............................................................................. 22

    1.3 NEWS FROM THE REGION ................................................................................................................ 24

    2. STATISTICS ........................................................................................................................................... 26

    2.1.Average Asking Prices of Real Estate Offered for Sale March 2009 ........................................... 26 2.2. Statistical Reports of the Central Bureau of Statistics from the.................................................... 27 Area of Civil Engineering ......................................................................................................................... 27

    2.2.1. Building permits issued, January 2009................................................................................... 27 2.2.2. Building permits issued, 2008 ................................................................................................. 27

    3. PAST EVENTS .......................................................................................................................................... 28

    4. DO NOT MISS OUT................................................................................................................................... 28

    A N N O U N C E M E N T

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    1. THE FIFTH ANNUAL INTERNATIONAL CONFERENCE ON THE REAL ESTATE MARKET IN CROATIA

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    1.1. CONFERENCE PROGRAM

    March 30 & 31, 2009 The Westin Hotel Zagreb

    Monday, March 30, 2009 08.00 09.00 WELCOME AND REGISTRATION OF PARTICIPANTS

    Crystal Ballroom / groundfloor

    09.00 10.00 CONFERENCE OPENING

    Moderator:

    Marija Nori Filipovi Business Advisory Ltd.

    KEY NOTE SPEAKERS

    Vedran Mimica Director

    Berlage Institute

    Marko kreb, Ph. D. Chief Economist

    Privredna banka Zagreb d.d.

    10.00 10.30

    COFFEE BREAK

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    10.30 11.30 1st SET OF LECTURES

    REAL ESTATE BUSINESS IN TOURISM

    Topics:

    Defining the predominating real estate models in tourism; Geographical spread of models and regional examples; Global players in the real estate business; Is the tourism related real estate business desirable in Croatia? Are tourism resorts possible without the real estate? Advantages and disadvantages of existing models applied to our

    conditions; Recent practices; Key barriers in application of the real estate models; Short and medium term perspective

    Moderator:

    Miroslav Dragievi, Ph. D., Founder & Managing Partner Horwath Consulting Zagreb

    Panel participants:

    Ivica ai, Director Hotel Partner d.o.o. Zagreb Kreimir Lipovak, Partner TPA Horwath d.o.o. Otmar Michaeler, CEO Michaeler & Partner & Falkensteiner Group Veljko Ostoji, Director Rivijera Pore d.o.o. Ivana oljan, CEO Jupiter Adria d.o.o.

    11.30 12.00

    COFFEE BREAK

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    12.00 13.00 2nd SET OF LECTURES

    PROJECT PRESENTATIONS

    WEST GATE INTER IKEA CENTRE

    Moderator:

    Natalija Vuli Filipovi Business Advisory Ltd.

    SPEAKERS

    Denis upi Director

    Redserve d.o.o.

    Johanna Hult Rentsch

    Deputy Development Manager Austria, Switzerland & South East Europe

    Inter IKEA Centre Group

    PRESENTATION

    WORLD GREEN BUILDING COUNCIL OF CROATIA

    Mark Gero, Chairman AmCham Environmental Committee

    13.00 14.30

    LUNCH

    OPERA ROOM

    ArtRoom

    EXHIBITION

    AT FIRST GLANCE ALLEGORY OF FACES

    During the Conference, at 17. floor of the Westin Zagreb Hotel in room Opera, there will be held an exhibition At First Glance Allegory of Faces, at which students of the Academy of Fine Arts in Zagreb will represent their artwork. Filipovi Business Advisory Ltd. is the initiator, organizer and sponsor of the Exhibition. We are honored that the Academy of Fine Arts in Zagreb is the patron of the Exhibition. Exhibited work can be bought directly from the students.

    We are inviting you to visit the Exhibition, to enjoy the artwork of young authors and therefore give

    them the support in their professional development.

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    Lectures are simultaneously held in two conference rooms: 1) Crystal Ballroom / groundfloor

    2) Room Panorama / 17. floor

    14.30 15.30 3rd SET OF LECTURES 1. Crystal Ballroom

    TOURISM

    FINANCING TOURISM PROJECTS IN THE PERIOD OF

    ECONOMIC RECESSION

    Topics:

    What was the situation in the tourism real estate market in 2008, and what are the expectations for the future;

    Is it time to invest in tourism? What are the conditions on the capital markets and after all do

    they even exist? Are the terms for investing in tourism sector of Croatia

    competitive considering business environment? To what extent is the governments' role in making investment

    climate more effective, is the government doing it and how successful?

    What is the intensity of crisis impacting the tourism sector, and how to get out of the crisis?

    Investment in the hotel sector in Spain; Investment in the hotel sector in CEE Hotel Development Cost 2009; Guidelines for new hotel projects in Central and Eastern Europe

    Moderator:

    Goran Hanek, Director Club Adriatic d.o.o.

    Speakers:

    Jaime Puig de la Bellacasa, Asset Management Eureca inventum Lukas Hochedlinger, Senior Advisor KPMG in Central and Eastern Europe Real Estate, Leisure and Tourism Advisory Services

    Robert Pende, Director Directorate for Tourism Development Ministry of Tourism Republic of Croatia Franco Peruza, Investor Relations

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    Magnum Hotels Charlotte Ruhe, Head of the Office EBRD Croatia Michael Widmann, Managing Director PKF hotelexperts GmbH

    2. Room Panorama

    LEGISLATIVE FRAME FOR SPATIAL PLANNING OF SHOPPING

    CENTERS

    Topics:

    Legislative frame for spatial planning of shopping centers; Procedures for environmental impact appraisals and getting the

    location permit for shopping centers; Experience in process of planning, designing and getting

    licenses for commercial and entertainment center Arena centar in Zagreb;

    Architectural vision of shopping centre development projects

    Moderator:

    Goranka Radovi, Head of the Sector Ministry of Enviromental Protection, Physical Planning and Construction, Sector for Developments Significant to the Republic of Croatia

    Speakers:

    Tamara Stanti Bri, Head Architect UPI-2M Leo Penovi, Project Manager Trigranit Development Corporation

    15.30 16.00

    COFFEE BREAK

    16.00 17.00 4th SET OF LECTURES 1. Crystal Ballroom

    URBAN REVITALIZATION

    Topics:

    Reallocation of one-time industrial plants reconstruction of

    Torpedo hall into the business-trade fair centre; Reallocation derelict parts of the town Rujevica

    residential development in the non-adequately used part of the town;

    Enhancing the camping zone into the zone of elite congress tourism district of Preluk

    City project in function of urban revitalization of Zagreb

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    Moderator:

    Ninoslav Dusper, M. A., Director Urban Planning Institute of Croatia ltd.

    Speakers:

    Irena Matkovi, Head of Office City of Zagreb, Office for the Strategic Planning and Development Sran kunca, Head of Department City of Rijeka, Department of Urban Development, Environment and Asset Management

    2. Room Panorama

    PUBLIC PRIVATE P