Toronto, ON – International commercial real estate firm Avison Young (AY) has announced a strategic affiliation with a dynamic team of experienced local professionals in Croatia. This expansion demonstrates AY's commitment to capitalize on opportunities in South East Europe. The new office will be located in Zagreb. The team's core areas of expertise include Office, Retail, Industrial & Logistics (I&L), Land, Residential, Hotels & Resorts, with comprehensive services provided through Capital Markets, Occupier Services, Valuation & Advisory and Hotels & Resorts.

The Croatian commercial real estate market is strategically located on the Adriatic Sea. It offers investors unique opportunities with a diverse, robust and rapidly growing economy, continued strong demand for tourism and hospitality, and a blend of historic and modern urban development with an emphasis on sustainability.

Led by Klara Matić, Filip Dumbović and Marko Varga, all as Principals, with Klara taking on the role of Managing Director, the management team brings extensive experience and a deep understanding of the local market.

Klara Matić, Principal and Managing Director of AY Croatia, said:
"We are delighted to join forces with Avison Young to bring a new level of real estate expertise to the South East Europe region. Our local insight combined with Avison Young's global reach will deliver real economic, social and environmental value to our clients and the communities they serve.”

Mark Rose, CEO of Avison Young, expressed his excitement about the expansion:
"This strategic alliance reinforces Avison Young's commitment to providing world-class real estate services across multiple geographies. We look forward to making a positive impact in South Eastern Europe and contributing to the success of our clients and the communities we serve. Joining forces with this talented team in Croatia strengthens AY’s global presence and enhances our ability to deliver exceptional results for our clients.”