Eagle Hills Zagreb Real Estate took over Sunce Hotele dd

Eagle Hills Zagreb Real Estate bought 4.151.092 shares in the amount of HRK 100,00 per share or 69,7 percent stake in Sunce Hotels, which created an obligation to publish an offer ...

Eagle Hills Zagreb Real Estate bought 4.151.092 shares in the amount of HRK 100,00 per share or 69,7 percent stake in Sunce Hotels, which created an obligation to publish a takeover bid, it was announced today on the Zagreb Stock Exchange.

Eagle Hills Zagreb Real Estate is a company operating within Eagle Hills Croatia Properties-Sole Proprietorship, headquartered in Abu Dhabi (UAE), and is part of the Eagle Hills Group, whose main activity is real estate investment and real estate development with a focus on markets in development across Europe, the Middle East and Africa, and designs and develops mixed-use facilities, including catering, residential, commercial and healthcare. 

Eagle Hills Group's core activities are real estate investment and real estate development with a focus on emerging markets across Europe, the Middle East and Africa. Also, as stated in the takeover document, the Eagle Hills Group designs and develops mixed-use facilities including residential and commercial and catering facilities, shopping malls and retail and healthcare facilities. The Group is headed by Mohamed Ali Rashed Alabbar, who manages the development of projects for the construction of mixed-use facilities with a total value of over EUR 50.000.000.000 billion. Interestingly, the same company was supposed to build "Zagreb's Manhattan" in the area of ​​the Zagreb Fair, and the investor of the project is Belgrade on Water.

Sunce hoteli dd is one of the leading tourist groups in Croatia with 11 hotels in Tučepi, Brela, Starigrad Paklenica, Omiš, Marija Bistrica, Supetar and Bol on Brač, 1 camp and 1 leased facility with 2.973 accommodation units, its own airport on the island of Brač and other tourist property located in 4 popular tourist destinations in Croatia. In addition, in a joint venture with TUI AG, Sunce has one Premium Hotel (TUI Blue Jadran) with 161 accommodation units. 

Photo: Bluesun Hotel Soline - Brela, Bluesun

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